Press Release Details

Ministers of Investment & Foreign Trade and Finance:

Ministers of Investment & Foreign Trade and Finance:

  • Ports and Customs Outlets Continue Operating at Full Capacity Throughout the Week to Ensure Stability of External Trade Flows
  • Commitment to operational efficiency while ensuring energy rationalization under current exceptional conditions
  • Efforts underway to reduce handling and storage costs to ease financial burdens on the business community
  • Enhancing national economic competitiveness and supporting export-oriented industrial investment
  • Strengthening coordination among all relevant entities and ensuring round-the-clock operations to expedite export procedures
  • Continued inspection of imports until 6:00 PM daily to ensure faster clearance and facilitate trade flows
  • Enabling electronic payment of fees and provision of all banking services related to customs operations on a 24/7 basis

 

Dr. Mohamed Farid, Minister of Investment and Foreign Trade, and Mr. Ahmed Kouchouk, Minister of Finance, affirmed the continued operation of ports and customs outlets at full operational capacity throughout the week to ensure the stability of external trade flows.

 

In a joint press statement, the ministers emphasized their commitment to maintaining efficient operations at ports and customs outlets, while adhering to energy rationalization measures in light of the current exceptional circumstances. They noted ongoing efforts to reduce handling and storage costs in order to ease financial pressures on the business community.

 

The ministers added that these efforts aim to enhance the competitiveness of the national economy and support the attractiveness of export-oriented industrial investment. They also stressed the importance of coordination among all relevant entities and maintaining round-the-clock operations to expedite export procedures.

 

Furthermore, they highlighted the continued inspection of imports until 6:00 PM daily to ensure faster clearance and facilitate trade movement, alongside enabling electronic payment of fees and providing all banking services related to customs operations on a 24/7 basis through banks.

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