رواد و رائدات الأعمال

The building-materials division warns of lower customs release costs

He added that stock turnover improved by close to 12% over the last quarter, but that the cost of finance remains the first obstacle to expansion in the governorates.

The meeting closed by forming a joint Chamber–ministry committee, meeting weekly to follow implementation and reporting monthly to the federation’s board.

The Chamber had earlier launched a trader training programme on e-invoicing, taken up by more than 2,100 participants across six governorates.

What happens next

Chamber figures put the number of registered businesses at 41,000, up by 3,400 on last year, most of them in retail and logistics.

Transparency in the supply chain is not a burden on the market; it is what protects it from monopoly.
Dr Mona Abdel-Hakim, economic adviser

A number of importers argue that the proposed timetable needs a transition period of at least six months, so that small businesses can adapt their accounting systems.

Where the divisions stand

  • the container shortage at the ports among next quarter’s priorities
  • A review of the timetable with the trade divisions
  • A monthly report to the federation’s board

The division head said the meeting examined the direct effect of the decision on supply inside the local market, and that the Chamber submitted a detailed memorandum carrying traders’ proposals on the timetable.

Samy Guirguis

Written by

Samy Guirguis

Foreign-trade correspondent · 37 stories · 11,844 followers

Foreign-trade correspondent at Bayt Al Toggar, following market decisions and what they do to trade and supply in Cairo.

Comments

3 comments

ليث طلال

موضوع مهم جدًا وياريت يكون فيه ندوة عنه.

رزان مظهر

من وجهة نظري القرار متأخر ٣ سنين على الأقل.

صبا كاظم

أنا عضو في الشعبة من ٢٠١٩ ولسه أول مرة أشوف بيان بالوضوح ده.

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