The Cabinet on Tuesday approved the Egypt’s accession to the Investment Facilitation for Development Agreement (IFDA) under the World Trade Organization (WTO), in a move aimed at enhancing the investment climate and drawing more foreign capital.
The decision was made during a Cabinet meeting chaired by Prime Minister Moustafa Madbouli.
Minister of Investment and Foreign Trade Hassan al-Khatib said the agreement provides a unified global framework to make investment environments more transparent and efficient, encouraging greater investment flows among WTO member states.
He said the agreement promotes sustainable investment, improves access to information, and streamlines administrative procedures. It also aims to establish contact points to assist investors, ensure alignment with domestic laws, and enhance coordination among relevant authorities.
“The agreement provides reassurance to investors by setting a minimum standard that reduces costs and simplifies the investor journey,” Khatib said.
He underlined that transparency, stability and predictability are critical elements in investment decision-making, adding that Egypt’s accession is expected to boost investor confidence in the market.
Khatib noted that joining the agreement supports ongoing reforms in the investment sector and reflects the political leadership’s directives, reinforcing the credibility of Egypt’s economic reform path in the eyes of international partners.
