Media ININ Economy We Trust
Media In – Rasha el sharkawy – July 8,
The Ministry of Investment and International Cooperation and Finance held Sunday the first meeting of the joint committee headed by Dr. Sahar Nasr, Minister of Investment and International Cooperation of Egypt, and Dr. Mohamed Maait, Minister of Finance, in the presence of the committee members from the two ministries. Egypt and Japan signed a grant to support the establishment of a value-added tax system of LE 15.5 million. The agreement was signed by Ambassador Sahar Nasr and Ambassador Takihiro Kagawa, Ambassador of Japan to Cairo. This agreement contributes to the effective implementation of the fiscal policy, the promotion of economic reform programs and the support of Egypt’s development programs and plans. It comes within the framework of continuous cooperation between the Ministries of Investment, International Cooperation and Finance after the formation of a joint committee between the two ministries. The joint committee of the Ministries of Investment, International Cooperation and Finance discussed the joint issues between the two ministries, such as the rules of granting special and additional incentives to investors, as stipulated in the new investment law. The committee also works to remove any obstacles facing investors with the Egyptian customs and tax authorities. She explained that the meeting discussed cooperation between the two ministries during the next phase and support future projects, pointing out that the committee’s aim is to speed up any measures that serve the investment climate.
