The Egyptian Ministry of Finance has updated its national one-stop-shop platform for foreign trade facilitation, Nafeza, by providing a special version for mobile phones.
Finance Minister Mohamed Maait said in a statement on Wednesday that they were continuing the national project to modernize and automate the customs system, in application of presidential directives aimed at facilitating internal and external trade movements, reducing the costs of import and export and reduce customs clearance times, which would reduce the prices of goods and services in the local market.
As for the Advanced Cargo Information (ACI) customs system, Maait added that importers can add sub-accounts for their customs brokers. This would help traders to track their shipments electronically.
He also said that no exports will be allowed to enter seaports except through the ACI system from October.
In addition, local importers, exporters and owners of industrial activity or their agents will only be able to receive or renew their trade register if they adhere to the ACI customs regime from mid-August. Likewise, the export subsidy will only be available to ACI and E-Invoice subscribers from October.
In this context, El-Shahat Ghaturi, head of the Egyptian Customs Authority, organized a symposium in the presence of members of the Federation of Egyptian Industries on the new customs procedures and the ACI system.
He explained that the ACI system covered over 90% of Egyptian imports and would expand to Safaga, Nuweiba, Ismailia and Aswan before the end of this year, creating an electronic link between all customs points.