Egypt releases $131 bln goods in 21 months – minister

Egypt has released goods worth $131 billion stuck at ports during 21 months until last May of total goods worth $136.4 billon, said the Minister of Finance Mohamed Maait, on Wednesday.

The minister stressed that the priority of customs releases is for commodities, food manufacturing components, medicines, petroleum materials, fuel, and all production requirements.

He added that the remaining $3.5 billion in goods had not been issued with a delivery permit from the foreign source of the Egyptian importer, the statement mentioned.

Egypt is seeking to maintain the full operation of its production wheel as well as reducing importers’ burden by reducing fines and providing basic commodities to its citizens, Maait added.