Business

Deputy: The application of the pre-registration system for shipments will provide facilitation in customs transactions

Dr. Mohamed Abdel Hamid, a member of the House of Representatives, said that the implementation of the ACI system, and other mechanization and development projects that the government is implementing are progressing successfully in implementing President Abdel Fattah El-Sisi’s mandates so that Egypt will have a global customs system that stimulates investment, based on the localization of the latest global expertise. And technological techniques in strengthening governance, protecting the country from any goods that may harm national security or the safety of citizens, and reducing the time for customs release to facilitate the business community.

In a statement issued today, Abdel Hamid said that the application of the ACI system for pre-registration of shipments will provide a number of facilitation in customs transactions, as it helps in facilitating and mechanizing procedures, and expanding in the advance customs release of goods before they reach the ports, and thus reducing the cost of “floor” fees. Which was borne by the importer as a result of his shipment remaining in the port until the procedures are completed, stressing that all of this will have a positive impact on the prices of goods and products and not raise their prices.

Dr. Mohamed Abdel Hamid said that the whole world is moving towards developing and modernizing the new customs system, as it is one of the most important plans for development and development in economic transactions and the digital transformation witnessed by the country, calling on all importers and customs extractors to quickly join the “ACI” system during the trial run period to benefit from Among the advantages announced by Dr. Mohamed Maait, Minister of Finance, in particular, are reducing fees and giving priority to prior release.

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Dr. Mohamed Abdel Hamid praised the important and great role played by the Ministry of Finance and the Customs Authority in training and educating importers by holding seminars and training workshops weekly, which contributes to the success of this new system, calling on the business community, investment and industrial and commercial unions to quickly deal with the new system.

Ethan Hansen

Ethan Hansen is executive vice president for finance and operations at Leilo Sports. Before joining PNC in 2021, he founded snewslog to help early-stage companies (Seed through Series B). Previously, Cohen worked in consulting (strategy and innovation), private equity (operationally focused investing) and investment banking (M&A).

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