Cabinet approves Decisions of Export Development Fund

The Egyptian Cabinet has approved today, to issue the BOD decisions of the Export Development Fund which included the return of the burdens of exports, starting from next 1/7/2021, for the shipments for a period of three years, and to localize the“value-added” industry , and developing Upper Egypt and border areas as, Damietta Furniture City and El Robeki City, as well as enhancing access to Africa and targeted markets, to transport support ratios, to increase exports, and to support projects established in the Suez Canal Economic Zone and for supporting exports with Egyptian brands.