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The facilities announced were for goods currently stored in Egyptian ports
02.09.22 | Interesting article at Egypt Independent

The Egyptian market is thirsty for many products, but the recent measures give an indication and hope that many goods will return to the Egyptian market in large quantities, especially with the release of many goods from customs, Abdel Moneim al-Sayed, President of the Cairo Center for Economic and Strategic Studies, said.


The minister of finance’s decision to grant facilities to importers is temporary only, because the facilities announced were for goods currently stored in Egyptian ports, which will have a temporary reflection on the market, as it will cause a boom in the volume of goods and contribute to lowering prices, Amr al-Samdouny, Secretary General of the International Transport and Logistics Division at the Cairo Chamber of Commerce, said.