Sub Councils > Enabling Environment Advisory Group (EEAG)
The Enabling Environment Advisory Group (EEAG) is a sub-council of the Egyptian National Competitiveness Council (ENCC) that focuses on promoting a business-friendly environment in Egypt.
The group comprises experts and professionals from various sectors who work together to identify challenges facing the business sector and provide recommendations for improvement.
The vision of EEAG is to create an enabling environment that supports sustainable economic growth, attracts investments, and promotes innovation and competitiveness. The group's role is to analyze the current business environment and propose reforms that address the challenges facing the private sector. It also works to improve the regulatory framework, reduce bureaucratic procedures, and enhance the quality of public services.
In the past, the EEAG has made significant efforts towards improving the business environment in Egypt. One of its main achievements was the development of the "Doing Business" report, which aimed to identify the obstacles facing investors and entrepreneurs in Egypt. The report analyzed the legal and regulatory framework, the ease of starting and operating a business, and the access to finance and property rights.
Based on the findings of the report, EEAG provided recommendations to the Egyptian government on areas that require reform. The government then implemented several of these recommendations, such as the establishment of a one-stop-shop for business registration, simplification of the tax system, and the adoption of e-government services to reduce bureaucratic procedures.
Looking to the future, EEAG is committed to continuing its efforts to improve the business environment in Egypt. The group plans to work on increasing transparency and accountability in government institutions, enhancing access to finance and credit, and improving the regulatory environment for small and medium-sized enterprises.
The work of EEAG is crucial for the competitiveness of the Egyptian economy. A business-friendly environment attracts foreign investments, encourages entrepreneurship, and creates jobs for the Egyptian youth. Through its continuous efforts, EEAG aims to promote economic growth and increase the competitiveness of Egypt in the global market.
In conclusion, the Enabling Environment Advisory Group (EEAG) plays a vital role in promoting a business-friendly environment in Egypt. The group's efforts towards improving the regulatory framework and reducing bureaucratic procedures have helped to attract investments and promote sustainable economic growth. The work of EEAG is essential for the competitiveness of Egypt in the global market, and the group is committed to continuing its efforts to improve the business environment in the future.
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