Minister of Finance Mohamed Maait has said that about $32bn worth of imported goods and products were released from various Egyptian ports during the past five months. He added that the automation of the customs system accelerates custom release procedures for goods, to achieve the strategic goal of transforming ports into transit ports only, not places for storage. This would effectively contribute to reducing production costs and stimulate the business community to expand investment activities. It would also protect markets from low-quality goods that do not conform to European and American specifications. The aim of that is to ensure the speedy release of goods.
