Egypt’s PM Madbouly follows up on ACI system updates

Daily News Egypt
2 Min Read

Prime Minister Mostafa Madbouly held a meeting on Sunday to follow up on the position of applying the ACI system.

Madbouly noted that the meeting comes within the framework of the periodic meetings that are held to follow up on the position of the pre-shipment system, and to ensure the implementation of various steps that would contribute to providing more facilities for the procedures for releasing goods and merchandise present in Egyptian ports.

The meeting witnessed the presence of Hassan Abdalla, Governor of the Central Bank, Mohamed Maait, Minister of Finance, Ahmed Samir, Minister of Trade and Industry, and other officials.

Ambassador Nader Saad, the official spokesperson for cabinet of Ministers, stated that during the meeting, the position of the goods present at the level of the republic’s ports during the period from October 2021 to March 2023 was reviewed, as well as the values of the goods registered on the ACI system, where reference was made.

The connection indicated that the value of the goods in the ports so far amounted to $3.9bn, and that the goods that actually left the ports during that period were valued at about $106.5bn.

The official spokesman for the Presidency of the Council of Ministers added that the meeting reviewed the values of the goods released under the final import system during the period from 1 to 28 February 2023, which amounted to $5.8bn.

The value of goods released under the final import system during the period from 1 to 10 March amounted to $2bn.

The meeting also touched on the executive position for the exit of goods at the level of seaports during the month of February 2023, the average time for the approval of the presented certificates, and what has already been approved of those certificates, whether by the regular import system, or through the prior release system.

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