Egypt clears over $79b customs clearance

Egypt released more than $79 billion worth of goods from customs between January 2024 and January 8, 2025, according to the Cabinet’s latest wrap-up post published on Monday.

The announcement followed a high-level meeting chaired by Prime Minister Moustafa Madbouly on Thursday to review the latest progress in the country’s customs clearance operations with key officials, including Minister of Finance Ahmed Kouchouk and Minister of Industry and Transport Kamel El-Wazir. The meeting centered on the government’s ongoing efforts to reduce the time required for goods to clear customs. These initiatives are aimed at improving the availability of goods for Egyptian consumers and ensuring the smooth supply of vital materials for local industries, contributing to overall market stability and economic growth.

Attribution: Amwal Al Ghad English

Subediting: Y.Yasser