Egypt’s Finance Minister Mohamed Maait said his country is advancing in the optimal use of modern technology to ensure the speedy and accurate implementation of projects.
This comes in line with efforts to lay the foundations for a more advanced digital work environment and governance based on linking all ports to the National Single Window for Foreign Trade, Nafeza, and the newly developed logistic centers.
Cairo has also been seeking to implement the Advance Cargo Information (ACI) system to localize distinguished global expertise and reduce the customs release time, cost of the import and export process, and real-time monitoring of Egyptian imports and exports.
Maait’s remarks were made in a press statement issued by his ministry on Saturday, in which he reviewed a report on the customs’ performance during Eid al-Adha holiday.
He said these efforts will contribute to maintaining the prices of goods and services as much as possible and protecting local markets from inferior and non-conforming goods, noting that the main target is for ports to be used as transit gates only not as warehouses.
Maait underlined the importance of taking all measures for local and foreign investments to help maximize local production, enhance the competitiveness of Egyptian products in global markets, and facilitate trade movement.
He further underscored the need to improve Egypt’s ranking in three major international indicators, namely “global competitiveness, doing business, and the macroeconomic environment.”
