{"id":660890,"date":"2025-02-19T00:00:00","date_gmt":"2025-02-19T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/19\/govt-is-working-to-finalize-a-raft-of-additional-customs-facilities\/"},"modified":"2025-02-19T00:00:00","modified_gmt":"2025-02-19T00:00:00","slug":"govt-is-working-to-finalize-a-raft-of-additional-customs-facilities","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/19\/govt-is-working-to-finalize-a-raft-of-additional-customs-facilities\/","title":{"rendered":"Gov\u2019t is working to finalize a raft of additional customs facilities"},"content":{"rendered":"

Gov\u2019t works to finalize a raft of customs facilitations:<\/strong> The Madbouly government is currently preparing a list of facilitations on customs duties, as part of larger efforts to streamline Egypt\u2019s customs system and facilitate local manufacturing efforts, a government source told EnterpriseAM.<\/p>\n

What we know: <\/strong>The measures are being taken to push the government\u2019s localization efforts forward, with the investment and industry ministries holding meetings to discuss requests submitted regarding distortions in the customs tariff that create advantages to imported goods ahead over locally produced alternatives, our source said. The government could move to reduce customs duties on inputs for certain industries to increase value added, push localization efforts forward, and create opportunities for feeder industries to grow rather than rely on imports, the source added. <\/p>\n

T<\/strong>he government is also looking to ease the Authorized Economic Operator (AEO) pro<\/strong>gram\u2019s membership conditions,<\/strong> in what would be an additional step towards facilitating customs clearance, our source said, explaining that the system currently requires specific transaction volumes and the submission of three financial statements in order for companies to join.<\/p>\n

The government is working on a number of other ways of facilitating customs,<\/strong> including efforts to launch the first call center for the ECA, electronically link data with the Egyptian Tax Authority to expedite data verifications, improving issues related to duty drawback, temporary admission, and pre-release procedures for shipments \u2014 all while reducing the number of customs inspection authorities \u2014 currently 22 \u2014 to be limited to the relevant authorities based on the nature of the product, our source said.<\/p>\n

Remember:<\/strong> The cabinet also recently approved a proposal from the finance and investment ministries to improve the process of exporting and importing goods in a bid to cut customs clearance time down from eight days to just two. <\/p>\n

This would come on top of a number of newly-announced measures: <\/strong><\/p>\n