Arab Republic of Egypt Ministry of Investment and Foreign Trade General Organization for Export and Import Control

Dr. Mohamed Farid, Minister of Investment and Foreign Trade, and Ahmed Kouchouk, Minister of Finance, confirm that work is continuing at the ports and customs outlets at full operational capacity throughout the week, in such way that ensures stability and regularity of foreign trade.

The Minister of Investment and Foreign Trade indicated the state’s keenness to maintain the operational efficiency inside ports and customs outlets, while committing with energy conservation policies under the current exceptional circumstances, in order to achieve optimal use of resources without affecting the level of services.

The Minister of Finance affirmed the continuation of work to reduce trading and storage costs, which contributes to reducing the financial burdens on the business community and enhancing the investment climate, within the framework of the state’s direction towards supporting the competitiveness of the national economy and increasing the attractiveness of export-oriented industrial investment.

The two ministers confirmed the importance of full coordination among the various parties involved in the foreign trade system, and working around the clock to accelerate export procedures, that will positively impact the performance efficiency and speed of service delivery.

They also explained that import inspections will continue daily until 6 pm, supporting acceleration of customs release procedures and facilitating trade, in addition to payment of fees electronically, and providing all banking services related to the customs process around the clock through banks.

This comes within the framework of implementing the state’s directives towards developing the foreign trade system, raising the efficiency of performance in ports, and improving the business environment, in order to support the goals of comprehensive economic development.