Latest Blogs on the Timber Industry & Trade Digitization

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Electronic Documents - Egypt

Most Recent Updates to ACID and Other Electronic Documents - Egypt

Digital trade has become a crucial aspect of the entire industry, rather than being just an abstract idea, thereby changing the picture of global trade, depending severely on the free cross-border movement of data. Keeping that in mind, most offline or physical documentation or transactions are being shifted to a digital or electronic version. These digital documents are to be treated like their physical counterparts in the future.

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Egypt’s New L/C Import Regulation

What You Need to Know About Egypt’s New L/C Import Regulation

On 12th February 2022, the Central Bank of Egypt announced a new rule for Egyptian importers stating that they would need Letters of Credit to buy goods from March onwards and that they should stop dealing with collection documents during import operations, especially within the framework of the Cabinet’s directives regarding the activation of the ACI system and the governance of the import processes.

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