Egypt to e-manage 90% of exports, imports

Egypt plans to operate about 90% of the exports and imports system electronically by the end of the year, Minister of Finance Mohamed Maait said in an August 4^th statement.

The new e-system will be implemented through the logistics centers, which should bring down the clearance period to less than five days.

Maait noted that this move is also expected to reduce the custom fees in way that would support the investment environment in Egypt.

The Minister elaborated that the logistics centers in Cairo, West and East Port Said, and Ain Sokhna are already operating.

He added that the centers in Alexandria and Damietta are scheduled for operating in November and December.

According to the draft law, Egypt will have an e-system that tracks goods until the clearance phase for the first time.

Last year, Egypt introduced a new e-payment law that included 13 articles requiring all government, private, and public institutions, syndicates, and any other private or public entity to electronically pay taxes, customs fees, and others.