Egypt's Prime Minister Mostafa Madbouly followed up on the Advance Cargo Information (ACI) system and the procedures to release piling goods at Egyptian ports, on Sunday. Madbouly stressed the government's keenness to end the accumulation of goods stuck at ports. This came during a meeting attended by the Governor of the Central Bank of Egypt (CBE) Hassan Abdalla, Minister of Finance Mohamed Maait, and several other officials. The Prime Minister confirmed that this meeting comes intending to follow up on this file, especially after succeeding in returning to the situation before the decisions of last February, given the importance of this step in restoring the wheel of factories and supporting the economy. He pointed out that the government is keen to ensure the regular functioning of the ACI system in an effective manner that contributes to facilitating and speeding up the release procedures during the coming period. Nader Saad, the official Cabinet spokesperson said that the meeting reviewed the current position of the policies at the ports, as well as the values of the goods registered within the ACI. The meeting also discussed the total of the goods released during the period from January 24 to 28, which amounted to about $794.7m. The Spokesman added that the meeting also touched on several performance indicators for the ACI in various logistical centres nationwide, which reflected an increase in the rate of dealing with the ACI system, especially from foreign exporters, and work to shorten more time and cost to attract investors.
