Full financing by Egyptian Banks clears accumulated goods at Egypt's Ports

Sun, 24 Mar 2024 - 11:43 GMT

As of March, the accumulated value of goods at Egyptian ports, including petroleum products, stands at approximately $6 billion, Ghatouri added.

PM, CBE Governor follow up on updates of recent economic decisions

Mon, 18 Mar 2024 - 01:29 GMT

These decisions included the exemption of customs duties on goods and the floating of the Egyptian pound.

Egypt releases $3B worth of accumulated goods in ports

Wed, 13 Mar 2024 - 06:12 GMT

Madbouly highlighted that this phase is characterized by numerous positive indicators, with a notable focus on the gradual restoration of remittances from Egyptians residing abroad to their regular levels

Egypt releases $1.7B goods from ports in 10 days, prioritizing essential commodities

Wed, 13 Mar 2024 - 02:56 GMT

"During the past 10 days of March, there has been an increase in the release rates of basic goods and directly supportive production requirements for the industry," the Finance Minister, Mohamed Maait, said.

Egyptian Customs authorizes release of $780M commodities

Sun, 10 Mar 2024 - 02:45 GMT

The goods were distributed as follows: $280 million on Thursday and $500 million on Friday.

Egypt's PM initiates gradual release plan for $1.3B goods in customs with focus on essential commodities, medicines

Sun, 25 Feb 2024 - 03:24 GMT

This directive was given during a meeting on Sunday, chaired by the Prime Minister, to monitor the provision of necessary financing in foreign currency for strategic goods and medicines.

Maait affirms commitment to boosting int’l relations to improve customs efficiency

Tue, 30 Jan 2024 - 01:13 GMT

Egypt consulted with the business community and investors prior to recently updated customs legislation to streamline and modernize procedures, aiming to facilitate both domestic and international trade, wrote an official statement from the ministry

Around $63B worth of goods released from ports in Egypt since Jan 2023, customs authority

Mon, 27 Nov 2023 - 12:02 GMT

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

Egyptian Customs Authority aims to activate system enhancing continental free trade movement

Sun, 12 Nov 2023 - 02:52 GMT

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).

Amendments to Customs Law allows delisted to re-register, further simplifies clearance

Thu, 10 Aug 2023 - 01:24 GMT

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

Egypt releases $32 billion worth of goods from customs in the past 5 months

Sun, 02 Jul 2023 - 01:44 GMT

The release of goods prioritized essential commodities, food manufacturing ingredients, medicines, and production supplies, ensuring uninterrupted Egyptian production

Egyptian expats brought in 194 Kg of gold 1 month into tariff exemption

Mon, 12 Jun 2023 - 02:14 GMT

Most of the quantity was brought in by expats residing abroad, mainly in Gulf countries.

Egypt issues guide to simplified customs procedures for COP 27 climate conference

Tue, 18 Oct 2022 - 02:03 GMT

The guide includes determining customs procedures on imports under the temporary release system, procedures for goods received for display and return fees, and procedures for refunding value-added tax for foreign departures.

Egypt allows expats to import passenger car without customs duties

Thu, 13 Oct 2022 - 03:37 GMT

The draft law stipulates that “an Egyptian who has a valid residency abroad has the right to import one private passenger car for his personal use, exempt from taxes and fees that had to be paid to release the car, including the value-added tax and the schedule tax.

Finance min.: Eased customs clearance, tax return to participants in climate summit

Sun, 25 Sep 2022 - 04:41 GMT

The committee should group senior officials of the customs and tax authorities, the Finance Ministry said in a statement Sunday.

Finance min. reviews efforts to develop customs outlets

Sun, 24 Jul 2022 - 02:44 GMT

He asserted the keenness on benefiting from the artificial intelligence technology in analyzing and handling data to contribute to determining the risks of each element of the exports operation to guarantee the quick release of goods and improve the quality products in the markets.

Egypt announces testing Kinder Surprise chocolate eggs for Salmonella after UK cases

Thu, 07 Apr 2022 - 12:49 GMT

Samples of Kinder Surprise chocolate eggs will be sent to the labs of the Ministry of Health and Population for analysis.

Egypt completes digitization of customs system next June

Sun, 30 Jan 2022 - 12:05 GMT

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.

Finance min. reviews Customs Authority's efforts to facilitate measures for businesses

Thu, 11 Nov 2021 - 01:57 GMT

This comes within the customs exemptions offered for exported strategic goods in order to reduce the process time at customs facilities, reduce the logistics cost of businesses and help meet the local market’s needs.

Egypt applies customs reductions on 6900 commodities exported to Mercosur markets

Wed, 01 Sep 2021 - 02:26 GMT

The new tranche of customs cuts comes as a continuation of the list of goods that were completely freed from customs duties during September last year, which included about 600 goods.