Sigma Capital

09-01-2025

The Prime Minister follows up on the executive position of customs clearance of goods and the implementation of the pre-registration system for shipments

Source: MIST

Madbouly: Continuous efforts to reduce customs clearance time
Dr. Mostafa Madbouly, Prime Minister, held a meeting to follow up on the executive position of customs clearance of goods and the implementation of the pre-registration system for shipments, in the presence of Lieutenant General Engineer Kamel El-Wazir, Deputy Prime Minister for Industrial Development, Minister of Industry and Transport, Mr. Ahmed Kojok, Minister of Finance, Engineer Hassan El-Khatib, Minister of Investment and Foreign Trade, Dr. Sherif El-Kilani, Deputy Minister of Finance, Mr. Essam Omar, Deputy Governor of the Central Bank, Major General Essam El-Naggar, Chairman of the General Authority for Export and Import Control, Dr. Amani El-Wasal, Head of the Agreements and Foreign Trade Sector and Executive Director of the Export Development Fund, Ms. Sherine El-Sharkawy, First Assistant Minister of Finance for Economic Affairs, and Mr. Ahmed Refaat El-Asqalani, Head of the Central Administration for Foreign Trade. At the beginning of the meeting, the Prime Minister stressed his keenness to hold this meeting periodically to follow up on the latest developments regarding the customs clearance status of goods from various ports and outlets of the Republic, and the efforts made to reduce the clearance time, as well as follow up on the implementation of the pre-registration system for shipments, noting that this comes within the framework of the state's interest in providing and making available various goods and commodities necessary to meet the needs of citizens, in addition to securing production inputs for many industries and production processes, in an effort to achieve more stability for the Egyptian market. The Prime Minister noted that efforts to reduce customs clearance time include many procedures that have been worked on in cooperation and coordination with various concerned parties, in addition to the legislative amendments that are currently being worked on in preparation for their approval, noting that these various efforts have actually contributed to reducing customs clearance time compared to before, saying: "But we have many goals that we are working to achieve." Counselor Mohamed El-Homsany, the official spokesman for the Presidency of the Council of Ministers, stated that the meeting reviewed the total value of goods released during the period from the beginning of January 2024 to January 8, 2025, where it was noted that it exceeded $79 billion, including production requirements and raw materials worth about $33 billion, and strategic goods worth about $20 billion. The official spokesman pointed out that the meeting included an analysis of the values ​​of the registered goods numbers in the pre-shipment registration system during the period from 10/1/2021 to 1/8/2025, in the event of the presence of petroleum materials, and again without petroleum materials within the values.
Counselor Mohamed El-Homsany added: The meeting also discussed the value of the existing and released goods until January 8, according to the pre-shipment registration system.
The meeting witnessed a review of the efforts made by various parties, which contributes to reducing the time for releasing goods, and the coordination being made in this regard.