How can streamlined trade processes unlock growth for Egypt? With UNCTAD’s support, the country is paving the way for a more transparent and efficient trading system.

UN Trade and Development (UNCTAD) is working closely with Egypt to build a more transparent and efficient trading system. Central to this effort is the implementation of a Trade Information Portal (TIP), an online platform that will simplify export, import, and transit procedures. The TIP aligns with the transparency provisions of the World Trade Organization (WTO) Trade Facilitation Agreement (TFA) and aims to reduce costs and red tape, making Egypt a more competitive global trading partner.

Technical expertise driving measurable progress

With UNCTAD’s technical assistance and capacity-building expertise, Egypt’s Ministry of Trade and Industry has made significant strides in trade facilitation. Since joining UNCTAD’s Accelerate Trade Facilitation Programme in July 2023, Egypt has increased its TFA implementation rate by 12.7%, reaching 35.7%. UNCTAD’s Reform Tracker has been a key tool in this progress, helping Egypt identify resources, set realistic timelines, and meet WTO requirements.

Boosting reforms with UK support

A recent £250,000 commitment from the United Kingdom’s Foreign, Commonwealth and Development Office will further support these reforms, enabling the implementation of the TIP and advancing Egypt’s efforts to streamline trade processes.

"These reforms will revolutionize our trade landscape, fostering efficiency, transparency, and prosperity, with UNCTAD's expertise steering our agenda," said Iman Refaat, undersecretary of Egypt’s Ministry of Trade and Industry.

A partnership for growth and inclusivity

The collaboration between UNCTAD and Egypt highlights a shared commitment to creating a trade system that drives growth and inclusivity. By leveraging UNCTAD’s tools and global expertise, Egypt is laying the groundwork for a more competitive and transparent trade environment that benefits businesses and the economy alike.