Egyptian Prime Minister Mustafa Madbouly met with the Export Development Advisory Committee on March 10, 2025, unveiling ambitious plans to boost the country's exports to $100 billion, supported by comprehensive customs and monetary reforms [1][2].

The meeting, attended by key economic ministers including Planning Minister Rania Al-Mashat and Finance Minister Ahmed Kojak, focused on implementing new strategies to enhance Egypt's export competitiveness [3].

"We have a clear vision for customs reform that will primarily serve the import and export sector," Madbouly stated, highlighting the government's commitment to streamlining trade procedures [1].

The committee noted that Egypt's 2024 currency exchange rate adjustments have significantly improved export competitiveness. Recent infrastructure developments have particularly benefited the export sector, with increased foreign investment interest from China, Turkey, and India [4].

Key initiatives announced include:

Modernization of customs procedures and documentation systemsExpansion of industrial financing and credit facilitiesDevelopment of textile, leather, food, and pharmaceutical industriesReduction in export burden refund processing times

Planning Minister Al-Mashat confirmed the government's commitment to reducing inflation and interest rates to stimulate domestic demand. The Finance Ministry will announce additional tax reforms in an upcoming second package [5].

Implementation timelines for these initiatives will be established next week, with sector-specific meetings scheduled to address individual industry needs [1].