Change in Factory Registration Requirement for Export to Egypt – International Trade and Investment

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Import and export activities contribute significantly to the development of international trade in the world, as they promote a process of commercial circulation between importing and exporting countries, the former receiving goods that it lacks in resources, in exchange the second exporting products of which it is rich in The overall objective of each country is to improve their respective economies and to provide a wider range of products to their population, at fair prices.

One of the many by-products of the post-pandemic global economy has been severe delays in this vital activity, resulting in a backlog of goods in ports around the world that cannot enter their respective countries for trade. trade.
Resolution No. 43 of 2016 governing the registration of eligible factories to export their products to Egypt, has often been seen as an obstacle for importers as it required, a decision issued by the Minister of Foreign Trade, to add or remove traders from the relevant register. . This in turn led to considerable delays in procedures (such as registration and licensing) and the registration of only a small percentage of exporters, who would then monopolize their sectors and charge the end customer a higher price for their goods.

To resolve the above, Resolution No. 195 of 2022 was recently issued amending the above-mentioned decision and removing the need to obtain the approval of the Minister of Foreign Trade. In addition, this decision specifies a clear deadline for entry into the register of importers, which in turn has led to a fairer market and a reduction in the price of goods by 10-15%.

The new deadline proposed by the resolution for registration in the register of exporters is a maximum of 15 days from the presentation of all the relevant documents and verification of their authenticity by the competent authority.
Other notable developments include the ability to submit registration documents through embassies and consulates affiliated with exporting countries, and the ability to renew valid documents within a maximum of 30 days from their date of issue. ‘expiry.
In addition, the resolution established a mechanism for complaints regarding delays or removal from the register, provided that the complaint is resolved within a maximum period of 15 days from the date of its presentation, and that the complainant is informed of the reasons for rejection or withdrawal, and the corrective measures that must be taken on his part to re-register.

To conclude, this article aims to highlight the remarkable efforts made by the State to facilitate the procedures of the business community, increase the flow of imports and exports and fight against monopolistic practices, all with the aim of get better quality products at better prices for the end. customer.

The content of this article is intended to provide a general guide on the subject. Specialist advice should be sought regarding your particular situation.

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