Egyptian Customs Authority
Additionally, Ghaturi mentioned ongoing efforts to streamline port processes, aiming to reduce the time cargo ships spend docked. Currently, the average duration for investors to file for customs declaration registration stands at 5 days.
Ghatoury further informed that payment orders had reached $1.6 billion by the end of the previous week, with a total of 464,000 beneficiaries having availed themselves of the initiative
The goods were distributed as follows: $280 million on Thursday and $500 million on Friday.
He added that the past few days witnessed a significant growth in the rate of customs clearance for goods according to the strategic priorities set by the state.
Egyptian authorities have placed an emphasis on accelerating the release of goods, particularly basic commodities, as part of efforts to curb inflation and rising prices
This came in ETA’s Head’s, El-Shahat El-Ghatouri, speech delivered on his behalf by Ahmed Abu Al-Hassan, ETA’s Deputy Head, on the sidelines of the fourth day of the launch of the activities of the Intra-African Trade Fair (IATF2023).
The Egyptian government continues to work on accelerating customs releases in order to tackle challenges created by a disrupted global supply chain and a shortage in foreign currency
Minister of Finance Mohamed Maait has issued directives to head of the Egyptian Customs Authority Shahat Ghatori on speeding up customs clearance procedures for vaccines and medications immediately, even during times of weekends, vacations and days off.
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