CAIRO - 24 November 2024: Egypt’s Minister of Investment and Foreign Trade, Hassan El Khatib, has announced a new plan aimed at drastically reducing customs clearance times, with the goal of cutting the current process from several days to just two by 2025.
At a recent press conference, El Khatib detailed a phased approach to improve the country’s investment and trade environment. The first phase will focus on reducing clearance times to four days.
This initiative is part of the government's broader efforts to boost Egypt’s competitiveness, streamline business operations, and lower logistical costs for investors.
El Khatib stressed that these changes would not only make Egypt a more attractive investment destination but also create a more efficient, cost-effective trade environment. The reduction in customs clearance time is expected to significantly lower logistics-related expenses, benefiting both domestic and international investors.
The minister also noted that the initiative aligns with Egypt’s long-term economic vision, which aims to establish a transparent, competitive, and investor-friendly market.
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