Economic expert Hany Qessis calls Egypt

Former President of US-Egypt Council Hany Qessis attributed the failure of the economic policies to improve the Egyptian position to the exports fall, saying that the economic policies will not work without increasing the Egyptian exports.

He demanded the government to support the Egyptian companies to increase the exports and provide the hard currency. He added that the exporting companies merge between 15 to 20 percent of the companies existed in the Egyptian market.

He underlined the notable decline in the Egyptian exports since January 25 Revolution, stressing that such drop poses serious threat against the Egyptian economy.

He stressed that the Egyptian government's policy depends on only export subsidy, saying it is not sufficient. He called the government for developing its industrial categories, adding that the economic renaissance would not be achieved if we failed to increase our exports.

He also noted that the government needs to support the exporters through securing at least a thousand exporte, demanding the government to eliminate corruption and bureaucracy to provide suitable environment for investment.