Arab Finance: During the weekly press conference held by Dr. Mostafa Madbouly, Prime Minister, Eng. Hassan Al-Khatib, Minister of Investment and Foreign Trade, announced the features of the new program. To reduce export burdens.
The Minister of Investment and Foreign Trade explained that the foundations that were laid for the new program include scheduling all arrears due until March 1, 2024 through the Ministry of Finance, while providing the option of clearing with any dues to the state (taxes/fees, etc.).
Al-Khatib stressed that the program achieves complete transparency and clarity, as it clearly reflects the size of the budget allocated to it, in light of the periodic evaluation of the sectors required to be supported, with full commitment to disbursing dues starting from March 1, 2024, within a maximum of 90 days from the date of completing the required documents.
The Minister explained that the new program will take into account the achievement of a number of goals, namely directing support more towards products with high added value, in addition to linking monetary and non-monetary export incentives (land allocation – labor training – tax exemptions – international exhibitions) and the need to take into account the budget allocated to the program. During the current year, the dues related to exports that meet the required documents must be disbursed within a period not exceeding 3 months from the date of their completion.
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