17 Hrs
Source:
المصدر
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Cabinet approves rebates
The Cabinet, chaired by Mostafa Madbouly, approved a new export rebate program, which will apply to shipments starting in early November 2026. The program aims to ease exporters’ burdens, boost exports, and enhance the competitiveness of Egyptian products. It will be implemented in two phases: a short-term phase running through the end of 2026, and a medium-term phase beginning in July 2027. The program is built around three pillars: increasing basic support and incentives by an average of 35%; providing shipping assistance; and continuing support for trade fair services, training, and capacity building. Shipping assistance will cover 50% of the cost of sea and land transport to target markets, and 25% of express-vessel transport, inland transport, and insurance. Air-freight assistance will amount to 25% for shipments to Europe and 50% for shipments to England under the agricultural produce program.
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