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Wednesday, 04 August 2021

Sisi directs govt to turn Egyptian ports into global ones to boost trade

MENA , Thursday 25 Mar 2021
Madbouly
Prime Minister Mostafa Madbouly heading the cabinet meeting on Thursday in Cairo.
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Prime Minister Mostafa Madbouly said that President Abdel Fattah El Sisi issued directives to turn all Egyptian ports into global ones, with a view to boosting trade movement.

Madbouly made the remarks on Thursday during a cabinet meeting to follow up progress on simplifying customs clearance procedures and registration requirements.

The meeting also took up the initial blueprint for operating 14 logistics centers and applying the National Single Window for Foreign Trade Facilitation "Nafeza" at different harbors and airports nationwide.

"Nafeza" is an integrated platform to exchange information and documents between all parties that are involved in the foreign trade system in Egypt.

It provides mechanisms to facilitate foreign trade procedures, standardize invoices, apply a digitized payment system, unify the necessary forms for releasing goods, and develop performance monitoring indicators. It includes as well monitoring and early warning systems. 

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