The Minister of Trade and Industry Amr Nassar met with members of the Egyptian Export Council of Medical Industries to discuss the problems facing the sector and ways to increase its exports.
The minister noted that the medical and pharmaceutical industries represent a strategic window for the entry of Egyptian exports to African countries, because Egypt has many competitive advantages in this field.
Nassar pointed out that the Ministry is keen on exporting to the African continent as one of the most important target markets within the framework of the ministry’s strategy to develop and increase exports.
The minister said that a joint meeting with Minister of Health Hala Zayed, is being arranged to discuss all the challenges facing the pharmaceutical industry in Egypt.
Most important challenges discussed by the minister are pricing of medicines in the country of origin, scarcity of information on the target markets and participation in foreign exhibitions. In addition, among the challenges are ddelays in paying export subsidies by the government and weak logistics services, according to the statement.