Maait stated that it will ban the entry of unregistered cargo starting July in its move to develop Egypt into a more modern and global logical zone
Despite importers requesting a three-month extension, Egypt is not only going ahead with its new cargo information system in July but Minister of Finance Mohamed Maait has made it clear that not registering will have consequences.
In a statement yesterday, Maait stated that it will ban the entry of unregistered cargo starting July in its move to develop Egypt into a more modern and global logical zone.
Maait urged importers and customs clearance officers to register in the Advance Cargo Information (ACI) system to help in increasing the rate of clearance of procedures before the arrival of the cargos at ports.
Registering on the system will also support faster customs clearance of cargo after arrival at ports, he said.
The new system will improve Egypt’s rating in global international indicators, stimulate investment climate, and maximize the competitiveness of Egyptian exports, he added.
Maait also highlighted that around 400 leading importers have registered in the system since its pilot launch in April, with no registered cargo has been rejected to date.
Importing companies will have to electronically send shipping and cargo data and documents, such as packing lists and commercial invoices, to the new Advance Cargo Information (ACI) system.
Importers are also required to review and confirm shipment files and documents with the shipment identification number (ACID), and approve them using an electronic signature.
The system, part of the National Single Window for Foreign Trade Facilitation (Nafeza), is meant to facilitate customs procedures and improve border security.