Minister of Finance Mohamed Maait affirmed during his meeting with the US ambassador to Cairo, Jonathan Cohen, that we are working to develop and modernize our tax and customs systems to keep pace with international standards, which helps in attracting and encouraging investments.
He also indicated his keenness to consult with the business community when preparing the draft customs law and its executive regulations.
The US ambassador to Cairo, Jonathan Cohen, said that American companies have injected investments in Egypt to reach $1.5 billion by 2020, stressing his aspiration to increase American investment flows in Egypt to reach $2 billion this year.
During the meeting, the two sides stressed the strength of the strategic relations between Egypt and America, and the keenness of the political leadership of the two countries to enhance joint cooperation in various fields.
Source: Today's News Portal