Egyptian President Abdel Fattah El-Sisi urged reducing customs clearance time to facilitate trade and achieve governance of the export and import process, the Presidency said in a statement.<\/p>\n
In a meeting with the prime minister and the finance minister on Monday, Sisi urged facilitating customs procedures, so that they meet the highest international standards.<\/p>\n
Finance Minister Mohamed Maeet told the president that customs clearance time decreased at all Egyptian ports from 6.5 days in January to an average of 5.2 days in November.<\/p>\n
The meeting reviewed all efforts to automate and develop the Egyptian customs system through the operation of a single-window system in many ports, in a bid to implement this system at all ports by the end of June 2021.<\/p>\n
The president also reviewed the launch of the first stage of the electronic billing system, which is taking place in the country for the first time.<\/p>\n
It represents an importance step for the Egyptian Tax Authority on the path to development and modernization, the statement read.<\/p>\n
It also brings a new stage to curb tax evasion and help in operations to combat evasion more efficiently, it added.<\/p>\n
President Sisi ordered enhancing state\u2019s financial procedures to deal with the economic implications of the coronavirus pandemic, with the aim of stabilizing financial policies and preserving a secure economic path for the state.<\/p>\n
Maeet reviewed with the president indicators of the economic and financial performance during the first quarter of fiscal year 2020\/2021, noting that it saw an initial surplus of LE 200 million despite the pandemic.<\/p>\n
Egypt’s revenues increased by 16%, while its expenditures rose by 7% in the first quarter of the current fiscal year, Maeet added.<\/p>\n
Egypt Today <\/p>\n","protected":false},"excerpt":{"rendered":"
Egyptian President Abdel Fattah El-Sisi urged reducing customs clearance time to facilitate trade and achieve governance of the export and import process, the Presidency said in a statement. In a meeting with the prime minister and the finance minister on Monday, Sisi urged facilitating customs procedures, so that they meet the highest international standards. Finance […]<\/p>\n","protected":false},"author":40,"featured_media":202305,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7863],"tags":[58838,2484,66821,8470],"class_list":["post-202304","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-english-section","tag-coronavirus-pandemic","tag-egypt","tag-mohamed-maeet","tag-sisi"],"yoast_head":"\n