"Tan"The Free Trade Agreement with Serbia will gradually cancel customs fees and imports and exports

& Nbsp; Prime Minister Dr. Mustafa Madbouly emphasized that Egypt is witnessing today the reception of more new investments, in addition to tourist delegations, as well as a remarkable growth in exports, and all of this coincides with the privileged economic and procedural reforms .. And urged the private sector in Egypt and Serbia to create partnerships, alliances, and new investments, to exploit the enormous opportunities provided by the two countries today, explaining that the Egyptian state is offering Investors from Serbia have distinguished opportunities. And joint cooperation, we have promising opportunities in industry, agriculture, services, gas and petroleum, infrastructure and major projects, and we have the distinguished strategic location, and we have an active and active business community, which you met with a group of them today & quot;

and during his speech, the Prime Minister explained that Egyptian -Serbian relations belong to more than a century; Whether at the bilateral or multilateral level, which grew after the visit of President Abdel Fattah El -Sisi, President of the Republic, to Belgrade in 2022, where it was agreed to establish the joint supreme committee for economic, scientific and technical cooperation, and the signing of the Free Trade Agreement and memoranda of understanding in the areas of higher education, culture, trade, agriculture, and investment. By visiting Serbian President Alexander Fotic to Cairo last July, and his opening to the joint business forum, stressing that these mutual visits resulted in the double trade exchange between the two countries to more than three times from 94 million dollars in 2022; To reach about 300 million dollars during the year 2024, it is expected that this rate will grow after the House of Representatives believe last May the free trade agreement between Egypt and Serbia, according to which customs duties and quantitative restrictions will be canceled on imports and exports from goods gradually. Technology and trade disputes; This will provide a favorable environment to attract joint investments and enhance economic partnership, pointing out that this matter will integrate with the growing size of the Egyptian market through free trade agreements with the European Union, Arab countries, and the entire African continent, the United Kingdom, Turkey, the United States of America, and a number of other gatherings to reach more than three billion consumers, without customs. & quot; We have modern logistics to reach those markets; Which will open the doors of triple cooperation, to be manufactured together and export to all of these markets without customs and at a lower transfer cost, whether by joint manufacturing in existing factories, or through new investments & quot;

At the same time, Madbouly pointed out that joint cooperation between Egypt and Serbia does not include commodity exports only, but rather exceeds them to services, logistics and tourism, as well as creating alliances in areas Various infrastructure, especially in Africa, and the reconstruction of neighboring countries, and most importantly transferring Egypt’s experience in urgent plans for infrastructure and establishing the cities of the fourth generation, to help Serbia in preparations to receive the Expo in Belgrade in 2027. & Nbsp;

The Prime Minister continued his speech by saying: The Egyptian state has strived to receive this cooperation between it and various countries of the world, by carrying out a package of reforms Legislative and procedural to facilitate the climate of business performance, as the golden license was launched to facilitate investors, and the state’s royal policy document to increase the participation of the private sector in economic activities, and other initiatives supporting the private sector, and dozens of industrial, commercial and logistical areas also provided separately, throughout Egypt, after it implemented an urgent program to develop and raise the efficiency of the infrastructure and that it has been accompanied with with Major projects in the dysfunction, the fields.

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