The CBE’s last directive regarding non-essential imports was issued in August, after which the arrangement of dollars for these goods was halted.
The value of Egyptian exports to the BRICS bloc reached $5.7 billion during the first 8 months of 2024, compared to $5.3 billion during the same period in 2023, an increase of 7.3%.
During the meeting, Investment Minister El-Khatib emphasized the government's deep commitment to the automotive sector, recognizing its key role in attracting foreign investments and promoting industrial growth.
During a panel at the Global Logistics Forum, Rabie shared that recent statistics reveal a decline in vessel transit, with the number of ships passing through the canal dropping from 25,887 in the FY2022/2023 to 20,148 in FY2023/2024.
The minister led a comprehensive meeting today to discuss the customs release process and the inspection of imported goods with representatives from various ministries and relevant authorities.
