Member of the Gold Division: The development of the Egyptian handicraft industry helps in exporting

Ashad Hany Saad, member Gold Division Organizing the second edition of the International Gold and Jewelry Exhibition “Nebio”, which is organized by the Assay and Weights Department and the General Division of Gold and Jewelry of the General Federation of Chambers of Commerce for a period of 3 days is an opportunity, stressing that it is an opportunity to learn regarding the great development of the Egyptian gold industry that is comparable to the global industry and even surpasses some countries.

He stressed in exclusive statements that responding to the demands of the makers and canceling the valuation fees on the exports of gold artifacts is a wise decision and is in the interest of the national industry and supports the export efforts of gold artifacts in light of the decline in sales of gold artifacts in favor of bullion and gold pounds, which makes us in urgent need to work to support the export of the artifacts Not gold ore.

He explained that raising the Egyptian brand abroad and competing in international markets following the terrible development in the handicraft industry in the Egyptian market makes us expect an export boom from the Egyptian gold handicrafts during the coming period.

He said that we must thank the government, represented by the Ministry of Supply, for listening to the demands of Egyptian artisans and working to remove obstacles to exporting gold jewelry, the most important of which is the removal of the valuation fee of 0.5%, which the Minister of Supply promised to cancel, indicating that the cancellation will generate large dollar revenues during the coming period because the export of crude This is unhealthy, and we need to export a product that bears the “Made in Egypt” logo. He pointed out that this is a step to abolish artifacts export valuation fees that support pumping new investments into the gold industry.