Ahmed El Wakeel, the chairman of the federation of African and Egyptian chambers of commerce confirmed that there is an attention to cooperate between Egypt, Germany and any other side to manufacture locally, invade regional markets and improve our commodity and service exports. He added that Egypt will amend any laws concerned with doing business such as laws of Industrial license, companies, capital markets and investment,etc. This along with developing electronic government to make the work of the traders and producers easier and more professional .
He pointed out that tens of logistic, commercial and industrial areas had been provided and the technical education had been improved for providing competent human resources,who are capable of using modern technology supported by EU, Germany, Italy and USA. Egypt also supported the Egyptian market by the free trade agreement which raised its size to more than 81 million customer from the EU, COMESA, USA and Turkey. It is expected that the market size will increase to 2 billion customers after concluding Euro Asian agreement. Then will reach to 4.2 billion customers after integrating the three African free trade zones. In addition to that economic program will be set to include fair price of currency, decreasing balance deficit, and rationalizing subsides that targeting low income citizens.