CAIRO: Ministers of transport, finance and trade announced the application of the “Electronic Linkage” system inside the sea ports, where the “one-stop-shop” will be applied, Youm7 reported Sunday.
“The electronic linkage system will connect all the sea ports to one database to be used in custom clearance and inspection procedures, which will contribute to reducing the clearance time from 6 days to 4 hours,” Minister of Transport Hany Dahy said in a press conference Sunday.
He added that the ministry has already started applying the linkage system and will be fully applied in three months; noting that the first stage of application will include the Alexandria port.
The new system aims to get rid of the queues in which ships wait days for inspection. It will also facilitate and accelerate the imports release operation, Dahy said.
The one-stop-shop system will also allow investors obtain approvals and licenses through a single body amid governmental efforts to facilitate investment procedures. The new system was established by a new investment law aimed at improving the investment environment and “wiping out bureaucracy.”
Per the new law, Egypt’s General Authority for Investment and Free Zones (GAFI) is assigned to obtain permits and licenses on behalf of investors from government bodies.
Green Corridor agreement
Regarding the Green Corridor agreement between Alexandria and Italy, the Minister of Trade and Industry Mounir Fakhry Abdel Nour said that the agreement is already in force and coordination between the ports of both sides is in process.
“Egyptian exports of agriculture crops and food industries are projected to hike from $2 billion to $4 billion, which boosts the Egyptian economy,” Abdel Nour said Sunday in a press conference.
The Green Corridor is an agriculture initiative between Egypt and Italy that aims to increase the agriculture trade volume between the two countries, expand the Egyptian agriculture exports to Italy and the European Union.