Hamahami Discusses Ways to Boost Egypt's Gold Jewelry Exports with Industry Manufacturers
Waleed Farouk
Dr. Hamdy Hamahami, Head of the Egyptian Assay and Weights Authority, held an extensive meeting with representatives of the Gold and Precious Metals Division at the Federation of Egyptian Industries to explore mechanisms for enhancing Egypt's exports of gold jewelry and addressing the challenges facing manufacturers in this vital sector.
The discussions focused on developing the legislative and regulatory framework to facilitate export procedures and open new international markets for Egyptian gold products, especially amid growing regional and global competition in the industry.
Dr. Hamahami affirmed the Authority's commitment to supporting local industry and strengthening cooperation with manufacturers and artisans to increase exports and contribute greater value to the national economy. He also noted that the coming period will see a modernization of operational systems, particularly in hallmarking and pricing methods, to align with international standards.
For their part, division representatives highlighted the key obstacles facing exporters, especially regarding customs procedures and certification processes for export-ready gold products. They emphasized that Egypt's gold market has the potential to achieve major breakthroughs if the right investment climate is provided and support mechanisms are activated.
Both sides agreed to maintain ongoing coordination in the coming period and to work on developing a clear action plan to boost the global competitiveness of Egyptian gold jewelry, in line with the state's goals to increase foreign currency revenues and expand non-oil exports.
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