The CBE also excluded the foreign component from opening a documentary credit in the case of electronic goods that are assembled in Egypt and consist of local parts next to the imported parts, and shipping documents are accepted in light of the fact that they are a production requirement.
CAPMAS elaborated that exports decreased 3.3 percent, recording $3.75 billion in June 2022, compared to $3.88 billion during the same month of 2021.
The decisions included allowing shipping agencies to transport imported goods from ports to warehouses and dry ports outside customs ports, giving a period of 4 months for food commodities before converting them to “disused,” and 6 months for non-food products.
Maait said the package will be effective within the coming few days in implementation of the presidential directives followed up by Prime Minister Mostafa Madbouli.
Exports' value reached its highest levels in 2021 with a total value of $43.6 billion compared with $29.03 billion in 2020, added the report.
Egypt’s exports to Somalia increased 10.2 percent during 2021, recording $66.3 million, compared to $60.1 million in 2020.
Exports increased 54.2 percent, recording $4.94 billion in April 2022, compared to $3.20 billion during the same month of 2021.
The Egyptian investments in Saudi Arabia amount to $5 billion through more than 802 Egyptian companies.
The minister made the remarks during her participation in St. Petersburg International Economic Forum, according to a press release by the trade ministry.
Exports increased 44.1 percent, recording $5.48 billion in March 2022, compared to $3.81 billion during the same month of 2021.
Exports of ready-made garments ranked first with 47.6 percent of total exports to the United States of America, reaching $1.2 billion in 2021, compared to $0.8 billion in 2020, marking an increase of 50 percent.
The COP 27 Champion pointed out that Africa’s contribution in emissions is just 3-4%.
The Central Agency for Public Mobilization and Statistics (CAPMAS) monitored a noticeable decline in the volume of Egyptian imports from the COMESA group recently.
Gaber pointed to the ministry's keenness to provide the necessary facilities for Saudi companies, whether investing or exporting to the Egyptian market.
He noted that there is a branch of the Persil company that is manufactured in Egypt, and the Egyptian market will not be affected by not importing these products from abroad.
The most prominent companies whose products were banned from entering Egypt as a result of being removed from the registry of the Egyptian Export and Import Control Authority are the Saudi Almarai Company, Mobaco for Industry and Trade, the South Korean LG, Dania Foods Ltd., the Jordanian Furniture Manufacturing Company, and the Middle East Pharmaceutical Industries.
Exports increased 34.5 percent, recording $3.99 billion in January 2022, compared to $2.97 billion during the same month of 2021.
It added that China's imports from Egypt reached $1.7 billion dollars, with a jump of 84.8 percent year on year.
Egypt has so far secured a total of 150 million doses of eight different coronavirus vaccines since the start of the pandemic, Spokesman for the Ministry of Health Hossam Abdel Ghaffar said.
Exports increased 45.3 percent, recording $4.32 billion in December 2021, compared to $2.97 billion during the same month of 2020.