On 11th February 2016 the EU officially launched the Trade and Domestic Market Enhancement Programme funded with 20 million Euros in order to support the competitiveness, job creation and other targets set in the Sustainable Development Strategy 2030. The Sustainable Development Strategy 2030 was drafted by the Egyptian Government, including the boost of the international trading position, the industrial development, as well as developing SMEs in order to create jobs and minimizing the economic differences.
The overall goal is to make the industrial sector more competitive and therefore to a stronger and economically more integrated Egypt.
The trade and Domestic Market Enhancement Programme is implemented through the Ministry of Trade and Industry and will run until the end of 2017. The main focus are foreign trade and trade agreements and industrial policy and quality infrastructure.
The main target group of the EU funded Programme are the private sector because it is hoped to lead to inclusive growth and more jobs within the Egyptian economy.
Through this engagement, the EU takes the responsibility it has as the largest trading partner and foreign investor in Egypt and puts the nationwide Sustainable Development Strategy into action.