ABCC, Egyptian body sign partnership
SHARM EL-SHEIKH: The Arab-brazilian Chamber of Commerce (ABCC) devised a digital action plan, in partnership with the Egyptian Customs Authority, to establish an electronic link for the seamless exchange of documents and data pertaining to the import and export of shipments with Brazilian Customs, by leveraging ABCC’S electronic system.
Osmar Chohfi, President of the Arab-brazilian Chamber of Commerce, outlined how the ABCC aims at establishing the ‘Easy Trade’ electronic connection system to facilitate data and information sharing between Brazil and all Arab nations. He stated that, following the electronic connection agreement with Jordan, which already came into effect early this month, the action plan forged today makes Egypt the second Arab country to take meaningful steps to implement the system.
Chohfi said: “One of our most significant trading partners in both Africa and the Arab world is Egypt. Brazil and Egypt’s annual trade volume was closer to $2.5 billion last year, demonstrating the value of simplifying trade movement to increase this figure by twofold. The action plan signed today serves as a foundation for future collaboration between the ABCC and the Egyptian Customs Authority to further the interests of the two nations.”
Chohfi further highlighted that the Ai-powered electronic linkage system verifies the authenticity of documents issued from Brazil, eliminating the need for paper documents. He also noted additional benefits of the system such as eliminating fraud, lowering import costs, and expediting customs clearance.
Tamer Mansour, Secretary-general and CEO of the ABCC, said: “We are pleased to collaborate with the Egyptian Customs Authority to implement the full electronic linkage between Brazilian Customs and the Egyptian Customs Authority. ABCC’S electronic linkage system is the only connection system with Arab countries, as it links with the Ministry of Agriculture, Ministry of Health, Ministry of Industry, and Customs, along with all relevant entities that issue halal certificates in Brazil.”