Government Aims to Cut Customs Clearance Time to Two Days
Published
Dr. Saeed Arafa, Assistant Minister of Investment, confirmed that the Egyptian government is targeting a reduction in the average customs clearance time to just two days. This came during the "Egypt Economic Outlook" conference, where he explained that the current average stands at around 5.8 days.
Customs clearance is the procedure, permitted by the competent authorities, that allows goods to enter or leave the country after inspection and documentation are completed. Reducing this time is considered one of the most important steps in facilitating trade and lowering the cost of importing and exporting for companies.
Arafa noted that this goal is part of a package of measures that also aims to broaden the base of Egyptian exporters, meaning increasing the number of companies and producers who export their products to foreign markets. The statements did not include full details about the remaining measures or their implementation timelines.
This direction is part of the state's efforts to improve the investment climate and increase exports, and it is an important matter for investors, traders, and those working in Egypt's industrial sector. Interested parties are expected to follow the implementation of these plans and their impact on the ground in the coming period.
Sources: جريدة المطور
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