FILE PHOTO: Egypt's Finance Minister Mohamed Maait gestures during a news conference in Cairo, Egypt July 17, 2019. REUTERS/Amr Abdallah Dalsh/File Photo
CAIRO - 30 January 2022: The Ministry of Finance aims to complete the development and digitization of the customs system in Egypt by the end of next June, according to a statement from the ministry.
“Egypt is proceeding on the path of transformation towards a digital economy in various sectors of the state, through the optimal use of advanced technology, and the localization of distinguished international experiences in the application of digital systems,” Finance Minister Mohamed Maait stated Saturday.
Maait added that the Ministry of Finance has made great strides in modernizing and mechanizing the customs system by modernizing the legislative structure by issuing the new customs law and its executive regulations, and implementing the “single window” system.
For his part, the head of the Customs Authority, El Shahat Ghitouri, indicated that logistic centers have been established in Cairo, east and west Port Said, Port Tawfik, Ain Sukhna, Damietta, Dekheila, and Alexandria.
Thus, the “window” platform implemented by the Ministry of Finance covers more than 95% of Egypt’s exports and imports, the head of the Customs Authority added.
It is targeted by the end of next June to complete the development and automation of the customs system; to simplify and digitize procedures, reduce the cost of the import and export process, and reduce the average customs release time.