The Egyptian government is moving ahead with a new electronic system that will help manage airports and seaports in the country and further engage Egypt in the global trade market, Invest-Gate reports.
Minister of Transport Hisham Arafat says that applying the “EgyTrade” system at Egyptian seaports and airports include three phases. The first phase, he notes, is related to electronic linking of all transactions at Egypt’s airports and seaports.
Minister of Trade and Industry Tarek Qabil says that the government is also working on putting into effect the one-stop shop system which will help Egypt join the regional digital trade organizations, including the Gulf Cooperation Council (GCC) and the Association of Southeast Asian Nations (ASEAN).
Additionally, the government is concluding the application of a unified customs model that will contribute to reducing the period of customs release and push down the process costs for importers and exporters.