Egyptian Customs Seeks to Speed Up Goods Clearance and Ease the Burden on Investors
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The Egyptian Customs Authority has announced a plan aimed at reducing the time needed to clear goods at customs points. The authority also seeks to ease the burden on investors and traders, according to Ahmed Amouei.
The plan relies on several means. The first is mechanization, meaning the use of electronic systems to complete customs procedures instead of paper and manual methods. The second is partial release, which allows part of a shipment to be released before all of the shipment's procedures are completed. The third is the expansion of advance rulings, which are decisions issued by customs before the goods arrive that clarify for the trader how their goods will be treated.
The authority also intends to issue 17 guidance manuals explaining customs procedures to stakeholders. This aims to help importers and exporters understand the rules and required steps more clearly.
These measures, as the authority explained, aim to facilitate trade movement in Egypt and make it easier for investors to operate. It will be important to follow the implementation of these plans to determine their actual impact on the time required to clear goods.
Sources: بوابة المصرف
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