Prime Minister Mostafa Madbouli said effective coordination continues as regards following up on procedures for customs release of various goods and commodities at Egyptian ports with a view to ensuring the supply of these goods in local markets and maintaining a price balance.

Madbouli made the remarks during a meeting he held on Monday to follow up on customs release procedures at various ports and the status of Egypt’s electronic cargo pre-registration system, also known as the Advanced Cargo Information (ACI) system.

The meeting was attended by Governor of the Central Bank of Egypt (CBE) Hassan Abdullah, Minister of Finance Mohamed Maait, Minister of Trade and Industry Ahmed Samir, Head of Egypt’s Customs Authority El-Shahat Ghatouri, the finance minister’s assistant Mona Nasser, and director of the Export Development Fund Amany el Wesal.

The prime minister said a small working group has been formed comprising of the ministries of finance, and trade and industry as well as the CBE; in coordination with the Federation of Egyptian Chambers of Commerce and the Federation of Egyptian Industries to review priorities for the release of different goods and commodities at ports.

Madbouli added that he is following up on the work of this working group, which he said is holding consecutive meetings to carry out its duties.

Source: State Information Service Egypt