Egypt’s trade balance deficit decreased by 9% during 2020 ...Egypt

An Egyptian government report on Sunday stated that the trade balance deficit fell during 2020 by nine percent, despite coronavirus crisis, in light of economic and reform decisions taken by the state and the strategic plans it developed. The report published by the Media Center of the Cabinet explained that Egypt’s foreign trade has achieved tangible progress thanks to economic reforms, reflected in the strengthening of exports, support for exporters and an increase in the added value of the local product, as well as work to support the various productive sectors. This has contributed to the improvement of Egypt’s trade balance and enabled the country to deal positively with the negative re

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