Egypt is seeking to deepen its economic partnership with the European Union, Finance Minister Ahmed Kouchouk said, highlighting significant opportunities for European companies to expand and for bilateral trade to grow.
Speaking during a new round of the Egypt-EU economic dialogue in Cairo, Kouchouk said Egypt’s economic trajectory remains reassuring and well-balanced, with a focus on boosting production and exports while maintaining fiscal discipline.
He added that the government has taken proactive measures to address current and potential challenges with flexibility, aiming to sustain economic stability.
“We are working on improving the tax system to encourage voluntary compliance and attract new taxpayers,” the minister said.
For his part, Yasser Sobhi, Deputy Minister for Fiscal Policies, said Egypt is navigating global economic shocks from a stronger fiscal and economic position, supported by structural reforms.
He noted that fiscal and economic performance during the first nine months of the current fiscal year reflects the government’s ability to meet its targets.
Sobhi emphasized that maintaining fiscal stability remains a cornerstone for expanding economic activity and achieving inclusive and sustainable growth. He added that broadening the economic, tax, and production base is a key priority of fiscal policy.
“Increasing exports is a top priority, and open markets benefit the private sector on both the Egyptian and European sides,” he said, noting that the EU remains a key partner whose growth supports Egypt’s economic prospects.
