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The establishment of the COMESA-EAC-SADC Tripartite Free Trade Area "TFTA" that comprises 26 African countries into the largest economic bloc in the continent, representing half of Africa's GDP and 56% of its population, and considered an indispensable step to establish the continental FTA. The TFTA will provide significant opportunities for foreign and regional investment that will benefit from an improved regional trade regime through decreasing tariff and non-tariff obstacles.
Launching different mega investment projects that have a strong developmental dimension and represent significant profitable opportunities for FDIs with the objective of attracting $10 billion foreign investment by the end of the current year in numerous fields, like the Suez Canal Economic Zone Development project, The Golden Triangle project in Upper Egypt that is rich in mineral resources, North Coast development project, the new administrative capital, the reclamation of 1.5 million acres, Besides other promising investment opportunities in renewable energy, road networks, and other fields.Providing a competitive business climate and introducing incentive packages to encourage foreign investment, linked to Egypt's economic and social development plans and priorities, like approving the unified investment law and the continuous tax and subsidy reform.Hosting many reional and international conferences to support cooperation in the fields of trade and investment. Most recently, Egypt hosted the conference of "Africa 2017" to encourage investment in the African continent, which was held during the period from 7 to 9 December in Sharm Sheikh, and with the attendance of leaders, high officials, private sector representatives from Africa and the world.
Improve the Multilateral Trading System (MTS) to promote a universal, open, transparent and predictable trading system. This entails guaranteeing the consistency between regional trade agreements and the MTS under the WTO (that the RTAs complement, not substitute, the MTS). This implies the following:
The full and successful implementation of the Doha Development Agenda (DDA) which addresses to a large extent the development concerns of developing countries and LDCs through enhancing the flexibilities granted to these economies in implementing their commitments according to the WTO agreements, implementing provisions concerning the Special and Differential Treatment for developing countries and LDCs, and easier market access for products originating from LDCs.
The successful conclusion of the Nairobi Package adopted at the tenth ministerial conference of the WTO, especially the decisions in favor of LDCs, and those related to areas of significant importance to developing countries like public stockholding for food security purposes, Special Safeguard Mechanism, agriculture and e-commerce.
Enhancing the integration of developing and least developed economies in world trade mainly through improving the market access conditions for their products and increasing their value addition and participation in value chains.
global investment governance in light of the existence of diverse bilateral and multilateral investment agreements and enhance cooperation and coordination in developing global investment policies so as to strengthen the International Investment Agreements Regime "IIA Regime".
Increase foreign investment to Africa and other developing and least developed economies especially in developmental national projects, labor intensive projects and in fields with productive capacity so as to increase their production and export base.