The total value of goods is $136.4 billion, which means that there are goods worth $3.5 billion that have not been released yet due to the absence of delivery permits from the foreign source to the Egyptian importer, according to a statement issued by the Ministry of Finance, Wednesday.
Saad noted that those goods are waiting for customs releases to go out to the market.
The Spokesman stated that the meeting witnessed a discussion of some proposals and mechanisms that would speed up the completion of procedures and the exit of containers at the ports.
Egypt’s Prime Minister Mostafa Madbouli has visited Alexandria on Saturday to follow up on measures of releasing goods stuck at ports as per presidential directives.
"Egypt has a sufficient stock of goods which secures the availability of goods to citizens at reasonable prices," Madbouli confirmed.
"It is my pleasure to be the first president of the Arab Republic of Egypt to hold a state visit to Djibouti, which plays a pivotal role in the region," President Sisi said.
The Damietta Port received 29 container ships and cargo vessels over the past 24 hours.
Madbouli stated that the app is aimed at making available correct information in order to raise the awareness of people on various matters making good use of digital technology.
The COVID-19 outbreak has caused a slowdown in consumption, and subsequently, international trade disrupting maritime transportation.
The Ministry of Finance began implementing on Sunday presidential decree no.59/2020 on modifying tariffs on specific goods.
The MERCOSUR agreement support increasing exports to the different international markets and opening new horizons for the Egyptian products, Gamea' said.
It aims to deal in customs with goods contracted with a modern e-commerce system, with the possibility of pre-clearance and payment of customs duties before the arrival of the goods.
The initiative also aims to lift the burden on low-income citizens, who are given an additional 10% discount on all consumer goods offered for sale within the initiative.
A presidential initiative aiming to support Egyptian consumer by providing goods at reduced prices will launch Sunday.
The Cabinet announced Sunday that the expenditure of citizens on medical products increased by 80 percent due to the outbreak of COVID-19.
Those were committed in less than one week.
The site has been handed over to a coalition of contractors who must finish the first phase by the end of 2021.
The web reduced the number of intermediaries, but how that affects the value chain is not crystal clear.
If the owners failed to re-export these items, they will have to bear the disposal costs, the minister added.
The third phase of Gameaty outlets project consists of 1,800 outlets.