Cabinet: Value of Goods Released from Egyptian Ports Amounted to $5.9 bn

Sameh Al-Khashin, the official spokesman for the Cabinet stated that the value of the goods released during the period from January 1, 2023 until September 30, 2023 amounted to $53.7 billion dollars, and the total amount of the released strategic goods amounted to $14.3 billion, while the total value of the released production supplies reached $24.8 billion.

This came during PM Mostafa Madbouly's meeting Tuesday to discuss procedures for simplifying customs release procedures for goods and commodities at various Egyptian ports, in the presence of Mohamed Maait, Minister of Finance, General Kamel Al-Wazir, Minister of Transport, and Ahmed Samir, Minister of Trade and Industry, and Mohamed Abu Mousa, First Deputy Governor of the Central Bank.

The official spokesman also explained that reference was also made to the value of the goods released during the period from September 1 to 30, 2023, indicating that the total value of the goods released amounted to $5.9 billion, while the total value of strategic goods released reached $1.8 billion, and the total value of supplies Production released $2.7 billion at final value.

At the beginning of the meeting, Madbouly indicated that the government is working to simplify the procedures for customs release of goods, stressing that work is continuing on this file to bring about a qualitative shift in it, in an effort to reach the desired goal of transforming various Egyptian ports into global ports, with the aim of increasing trade movement.