State can­not pro­hibit im­por­ta­tion of goods, as it goes against in­ter­na­tional trade laws: IDA chair­per­son

The Daily News Egypt - - Business - By Nevine Kamel

Is­mail Gaber, chair­per­son of the In­dus­trial De­vel­op­ment Au­thor­ity (IDA), said that the state can­not ban the im­por­ta­tion of any goods, as this op­poses the laws reg­u­lat­ing in­ter­na­tional trade and Egypt’s com­mit­ment to for­eign trade agree­ments.

Gaber con­sid­ered the busi­ness prac­tice re­port, which is is­sued an­nu­ally by the World Bank, as one full of po­lit­i­cal di­men­sions.

Dur­ing his re­cent meet­ing with the mem­bers of the tax and cus­toms com­mit­tee in the Amer­i­can Cham­ber, headed by Has­san Hegazy, he said that de­ci­sion No. 43 for year 2016 aims to en­sure the qual­ity of the im­ported prod­ucts and goods, adding that be­fore mak­ing the de­ci­sion, the IDA con­tacted the World Trade Or­ga­ni­za­tion. “All we want is to pro­tect our mar­kets,” he added.

Gaber said that the busi­ness re­sults re­ports do not re­flect the re­al­ity, as they mainly de­pend on the opin­ion of the pri­vate sec­tor, which is not nec­es­sar­ily con­sid­ered right. These re­ports also do not con­tain the opin­ion of the gov­ern­ment. “Yes, we have many prob­lems and lots of bu­reau­cracy. There are eight min­istries work­ing in ports, and there are laws be­ing im­ple­mented since they were passed in the 1940s; how­ever, de­vel­op­ment can­not be ex­pected to hap­pen overnight,” he added.

He ex­plained that the IDA is work­ing on fa­cil­i­tat­ing the work of com­pa­nies; how­ever, there are ma­jor com­pa­nies that some­times make mis­takes through pro­vid­ing in­com­plete data and doc­u­ments, which de­lays the en­ter­ing of their prod­ucts. He pointed out that the au­thor­ity ex­pects an in­crease in record­ing im­port cards an in­crease in record­ing im­port cards dur­ing this pe­riod.

More­over, 22 De­cem­ber was set as a date to set­tle the con­di­tions of com­pa­nies with amend­ments tak­ing part in the im­porters record law.



Left to right: Has­san Hegazi chair­man of Cus­tom and Tax­a­tion com­mit­tee, Is­mail Gaber, chair­per­son of the IDA

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