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New Egyptian regulation on electronic documents and customs declarations to effect all imports starting July 1, 2021.

Posted on Apr 23, 2021

Egyptian Ministry of Finance (Customs Authority) activate article 39 of customs law 207 of 2020 and issue decree 38 of 2021. Which requires a unique customs registration number (Advanced Cargo Information Declaration (ACI) for each incoming shipment imported into Egypt that must be included on all shipping documents. The ACI system is based on making the shipment data available to Egyptian customs before shipping from the country of export.

Steps to follow for shipment registration

  • Importer has to register an account on...

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Unemployment in Canada increases 0.6% month-on-month to 9.4%, in Jan 2020

Posted on Feb 15, 2021 Source

  • The employment rate fell by 213,000 or -1.2% in Jan, says Statistics Canada.
  • Most of the January losses were in part-time work and happened in Ontario and Quebec retail sectors.
  • However, employment increased in Alberta, Manitoba, Nova Scotia, and Prince Edward Island.

Summary from : INTERNATIONAL SOFTWOOD CONFERENCE 2020, 8 OCTOBER 2020

Posted on Oct 29, 2020

As per Karlis Danevics (SEB Bank – Economic Developments) , there is uneven effect on economies due to Covid – 19 UK will see a double-digit GDP drop in 2020, while China is expected to grow by 2%. Other major economies such as Japan, US will see a drop by 5-6% and the Euro area by 9%. This is despite the fact that stimulus that governments put in the economy surpasses the stimulus of the previous crisis. Pandemic has expeditated digitalization at a...

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Egypt’s construction sector resumes work as two-week restriction over.

Posted on Apr 17, 2020

Egypt’s construction sector resumed work on April 6 after two-week of restriction due to Covid-19 pandemic. Since Construction is highly labor-intensive sector on which about 90 other industries depend including Steel , cement , Transport, Timber , Utilities and Infrastructure, this decision has positively affected 10 million workers and help them come out of joblessness. In a relief package released on March 31 to construction companies amidst covid 19 pandemic, Government has assigned EGP 3.8 billion (USD $191mln ) for...

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