Egypt Independent

Industry, finance ministers to establish Egyptian Trade Network

The ministers of industry and finance agreed to take operational steps to establish a network for the development of Egyptian trade and facilitating the work of importers and exporters.
The network targets the electronic linking of the ports community components, including service providers like the customs, control, shipping and logistics authorities, and beneficiaries of both exporters and importers, freight forwarders, and customs clearance so as to complete all procedures safely, quickly and accurately.
Trade and Industry Minister Mounir Fakhry Abdel Nour said the project aims to improve the climate and provide a suitable environment for foreign trade and strengthen Egypt's position on the map of global investment and trade.
He added that the first phase of the project includes the operation of the port of Alexandria and Cairo airport by the end of July in accordance to the new system with the participation of all parties.
Finance Minister Hany Qadry Dimian said that the Egyptian Trade Network will work to raise the efficiency of all Egyptian ports.