Transcargo International (TCI), operating at Al Adabiya port within the Suez Canal Economic Zone (SCZONE), obtained the first customs license to operate as a distribution center within Egyptian ports

Egypt's trade policy is seeking to reduce customs clearance time by 75%, Minister of Investment and Foreign Trade Hassan El-Khatib revealed during a meeting with a delegation from the Shafik Gabr Foundation.

Prime Minister Mostafa Madbouly has appointed Ahmed Amawi Rubin Youssef as Head of the Egyptian Customs Authority (ECA) at the Ministry of Finance for a one-year term.

Egypt and Saudi Arabia have reached an agreement to reduce the customs clearance time for goods between the two countries to just three to four hours, instead of three days.

The Egyptian Customs Authority (ECA) has collected up to EGP 1.1 billion so far from illegal owners of cars for people with special needs since June.

The total value of goods and merchandise released at Egyptian ports from the beginning of 2024 until the end of July reached $34 billion.

The General Authority of the Suez Canal Economic Zone (SCZone) has signed a cooperation protocol with the Egyptian Customs Authority to implement a comprehensive mechanization system for the logistical hub of the zone and its associated projects.

The expansion of private free zones shall be limited in Egypt unless absolutely necessary due to their high tax losses, Chairman of the Egyptian Customs Authority El-Shahat Ghattori urged.

The Egyptian Customs Authority is currently working on reducing the customs clearance period via the pre-clearance system, the authority’s Deputy Head Ahmed Abou El Hassan said on the sidelines of the “Challenges and Opportunities Facing Investors” seminar organized by the British Egyptian Business Association (BEBA).

The value of the accumulated goods at the Egyptian ports amount to around $6 billion currently, including petroleum products.

Egyptian travelers have brought over 3.8 tons of gold into Egypt during eight months, Head of Egyptian Customs Authority ElShahat Ghatoury stated.

Egypt has raised EGP 40 billion in proceeds from customs fees during the first half (H1) of the current fiscal year (FY) 2023/2024, versus EGP 28 billion in H1 FY 2022/2023.

Minister of Finance Mohamed Maait has issued a resolution lowering pre-arrival customs clearance on imports, allowing importers to pay in advance only 1%, instead of 30%, of the initially estimated customs duties and fees.

The Egyptian government has released $15 billion worth of goods from ports during the first quarter (Q1) of 2023, Head of the Egyptian Customs Authority (ECA) El-Shahat Ghatoury told Asharq Business on April 16th.