Harnessing the Export Potential: Nearshoring and Targeted Investments as Catalysts

As global supply chains evolve, near-shoring has emerged as a pivotal strategy for major economies like the European Union, shifting focus from traditional manufacturing hubs like China to emerging markets in Africa and the Middle East. Countries such as Egypt are well-positioned to become re-export hubs, taking advantage of their geographical proximity and improving infrastructure to facilitate trade with European markets. This shift has prompted major changes in export routes, highlighting the potential of these nations to tap into new opportunities and bolster their economies through enhanced export capabilities.

As the landscape of global trade continues to transform, the ability of developing countries to effectively engage in near-shoring will be crucial for their integration into international and European markets. Investments for exports are critical for these nations aiming to penetrate the European market, especially in light of non-tariff barriers and the EU's agreements on green exports. By aligning production practices with European standards and addressing logistical challenges, these countries can effectively substitute Chinese exports and cater to rising demand in Europe. Thus, this session aims to explore how developing nations can leverage near-shoring among other strategies to enhance competitiveness in the global supply chain.