Last Update 21:59
Monday, 21 October 2019

Egypt's customs authority finalises new law streamlining imports

Change aims at improving the investment climate by increasing liquidity and speeding up import procedures

Ahram Online, Wednesday 25 May 2011
Share/Bookmark
Views: 1681
Share/Bookmark
Views: 1681

Egypt’s Customs Authority has finalised a new customs law aimed at improving the country’s investment climate which is likely to be approved by the Supreme Council of the Armed Forces within the next three months, according to Al-Ahram newspaper.

 

The new law includes postponing customs payment on goods from factories, allowing buyers to withhold cash until production and make more liquidity available. It will also enable the payment of customs fees in installments.

 

The law will introduce some international concepts such as releasing imported goods on customers’ credibility without inspection in an attempt to speed up import procedures.

Short link:

 

Email
 
Name
 
Comment's
Title
 
Comment
Ahram Online welcomes readers' comments on all issues covered by the site, along with any criticisms and/or corrections. Readers are asked to limit their feedback to a maximum of 1000 characters (roughly 200 words). All comments/criticisms will, however, be subject to the following code
  • We will not publish comments which contain rude or abusive language, libelous statements, slander and personal attacks against any person/s.
  • We will not publish comments which contain racist remarks or any kind of racial or religious incitement against any group of people, in Egypt or outside it.
  • We welcome criticism of our reports and articles but we will not publish personal attacks, slander or fabrications directed against our reporters and contributing writers.
  • We reserve the right to correct, when at all possible, obvious errors in spelling and grammar. However, due to time and staffing constraints such corrections will not be made across the board or on a regular basis.
Latest

© 2010 Ahram Online.