Latest news with #GOEIC
Zawya
03-06-2025
- Business
- Zawya
KOICA, GOEIC sign $11mln agreement to enhance Egypt trade facilitation
Egypt - The Korea International Cooperation Agency (KOICA) and Egypt's General Organization of Export and Import Control (GOEIC) on Monday signed an $11m agreement to establish a digital platform aimed at enhancing trade facilitation in Egypt. The Record of Discussion (ROD) was signed in Cairo for the project, titled 'Establishment of the Digital Platform for risk-based inspection and tracking to facilitate trade in Egypt.' The initiative is set to run from 2025 to 2029. The signing ceremony was attended by KOICA's Deputy Country Director, Lee Myungshyn, and GOEIC's Chairperson, Essam El-Naggar. Also present were Mai Hassab El Nabbi Assal, Assistant Minister of Investment and Foreign Trade for Development Projects, International Relations, and Political Communication, and Eman Fakhry, Senior Manager of the Asian Cooperation Sector at the Ministry of Planning, Economic Development, and International Cooperation. The project aims to streamline Egypt's import cargo inspection processes and bolster the country's global trade competitiveness. Key components include the development of digital systems for cargo risk-based inspection, a laboratory information management system, and a market surveillance system. 'We believe this project will significantly enhance Egypt's trade facilitation capabilities, fostering economic growth and sustainability. Our collaboration with GOEIC marks a crucial step towards a more efficient and competitive trade environment in Egypt,' Lee Myungshyn, Deputy Country Director of KOICA Egypt Office, said. Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation, said that 'this project is a continuation of the coordinating efforts undertaken by the Ministry in collaboration with all concerned parties to enhance the utilization of Korean grant resources to support the Egyptian government's plans for digital transformation and promote inclusive and sustainable development.' She emphasised that through the digital platform for risk-based inspection and tracking, national efforts are supported to facilitate and develop trade flows through digital transformation. Dr. Al-Mashat also highlighted the project's importancein enhancing competitiveness by accelerating inspection and customs clearance processes, thereby reducing administrative barriers and ensuring compliance with international standards in foreign trade. Hassan El-Khatib, Minister of Investment and Foreign Trade, indicated that 'this project is part of the state's vision to govern ports, accelerate, simplify, and reduce the cost and time of conformity assessment procedures for goods at ports, aiming to decrease release times to reach global standards.' He added that this includes tightening control over the trading, importing, and exporting of low-quality goods, in line with Egypt's international commitments under the World Trade Organization's 'Trade Facilitation Agreement' regarding the implementation of integrated risk management systems in cross-border trade. Essam Al-Naggar, Chairperson of the General Authority for Export and Import Control, praised 'the support from the Korean government for implementing this project, which will contribute to establishing a modern integrated system for monitoring the import of industrial goods, including market surveillance, similar to practices in developed countries.' KOICA is a Korean government agency under the Ministry of Foreign Affairs, dedicated to implementing grant aid programmes designed to combat poverty and support sustainable socio-economic growth in developing countries worldwide. The KOICA Egypt Office, established in 1998, provides technical and technological education for youth in Egypt, supports the digitalisation of government services and systems, and carries out programmes to address gender-based violence, strengthen women's empowerment, and support vulnerable groups.
Daily News Egypt
02-06-2025
- Business
- Daily News Egypt
KOICA, GOEIC sign $11 m agreement to enhance Egypt trade facilitation
The Korea International Cooperation Agency (KOICA) and Egypt's General Organization of Export and Import Control (GOEIC) on Monday signed an $11m agreement to establish a digital platform aimed at enhancing trade facilitation in Egypt. The Record of Discussion (ROD) was signed in Cairo for the project, titled 'Establishment of the Digital Platform for risk-based inspection and tracking to facilitate trade in Egypt.' The initiative is set to run from 2025 to 2029. The signing ceremony was attended by KOICA's Deputy Country Director, Lee Myungshyn, and GOEIC's Chairperson, Essam El-Naggar. Also present were Mai Hassab El Nabbi Assal, Assistant Minister of Investment and Foreign Trade for Development Projects, International Relations, and Political Communication, and Eman Fakhry, Senior Manager of the Asian Cooperation Sector at the Ministry of Planning, Economic Development, and International Cooperation. The project aims to streamline Egypt's import cargo inspection processes and bolster the country's global trade competitiveness. Key components include the development of digital systems for cargo risk-based inspection, a laboratory information management system, and a market surveillance system. 'We believe this project will significantly enhance Egypt's trade facilitation capabilities, fostering economic growth and sustainability. Our collaboration with GOEIC marks a crucial step towards a more efficient and competitive trade environment in Egypt,' Lee Myungshyn, Deputy Country Director of KOICA Egypt Office, said. Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation, said that 'this project is a continuation of the coordinating efforts undertaken by the Ministry in collaboration with all concerned parties to enhance the utilization of Korean grant resources to support the Egyptian government's plans for digital transformation and promote inclusive and sustainable development.' She emphasised that through the digital platform for risk-based inspection and tracking, national efforts are supported to facilitate and develop trade flows through digital transformation. Dr. Al-Mashat also highlighted the project's importancein enhancing competitiveness by accelerating inspection and customs clearance processes, thereby reducing administrative barriers and ensuring compliance with international standards in foreign trade. Hassan El-Khatib, Minister of Investment and Foreign Trade, indicated that 'this project is part of the state's vision to govern ports, accelerate, simplify, and reduce the cost and time of conformity assessment procedures for goods at ports, aiming to decrease release times to reach global standards.' He added that this includes tightening control over the trading, importing, and exporting of low-quality goods, in line with Egypt's international commitments under the World Trade Organization's 'Trade Facilitation Agreement' regarding the implementation of integrated risk management systems in cross-border trade. Essam Al-Naggar, Chairperson of the General Authority for Export and Import Control, praised 'the support from the Korean government for implementing this project, which will contribute to establishing a modern integrated system for monitoring the import of industrial goods, including market surveillance, similar to practices in developed countries.' KOICA is a Korean government agency under the Ministry of Foreign Affairs, dedicated to implementing grant aid programmes designed to combat poverty and support sustainable socio-economic growth in developing countries worldwide. The KOICA Egypt Office, established in 1998, provides technical and technological education for youth in Egypt, supports the digitalisation of government services and systems, and carries out programmes to address gender-based violence, strengthen women's empowerment, and support vulnerable groups.
See - Sada Elbalad
02-06-2025
- Business
- See - Sada Elbalad
KOICA, GOEIC Sign $11m Agreement to Enhance Trade Facilitation in Egypt
Nada Mustafa Korea International Cooperation Agency (KOICA) and the General Organization of Export and Import Control (GOEIC) signed a Record of Discussion (ROD) to launch a transformative $11million project aimed at improving trade facilitation in Egypt. The project, titled 'Establishment of the Digital Platform for risk-based inspection and tracking to facilitate trade in Egypt. The signing ceremony took place in Cairo, with KOICA's Deputy Country Director, Mr. Lee Myungshyn, and GOEIC's Chairman, Mr. Essam El-Naggar, in attendance, alongside Dr. Mai Hassab El Nabbi Assal, Assistant Minister of Investment and Foreign Trade for Development Projects, International Relations, and Political Communication, and Dr. Eman Fakhry, Senior Manager of the Asian Cooperation Sector at the Ministry of Planning, Economic Development, and International Cooperation. The project aims to streamline Egypt's import cargo inspection processes and bolster Egypt's global trade competitiveness. Key components of the project include having digital systems for the cargo risk-based inspection, laboratory information management system, and market surveillance system. The project is set to run from 2025 to 2029, marking a significant investment in Egypt's trade infrastructure. "We believe this project will significantly enhance Egypt's trade facilitation capabilities, fostering economic growth and sustainability. Our collaboration with GOEIC marks a crucial step towards a more efficient and competitive trade environment in Egypt' according to the Deputy Country Director of KOICA Egypt Office For her part, Dr. Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation, said that this project is a continuation of the coordinating efforts undertaken by the Ministry in collaboration with all concerned parties to enhance the utilization of Korean grant resources to support the Egyptian government's plans for digital transformation and promote inclusive and sustainable development. Through the digital platform for risk-based inspection and tracking, national efforts are supported to facilitate and develop trade flows through digital transformation. She emphasized the importance of the project in enhancing competitiveness by accelerating inspection and customs clearance processes, thereby reducing administrative barriers and ensuring compliance with international standards in foreign trade. Meanwhile, Engineer Hassan Al-Khatib, Minister of Investment and Foreign Trade, indicated that this project is part of the state's vision to govern ports, accelerate, simplify, and reduce the cost and time of conformity assessment procedures for goods at ports, aiming to decrease release times to reach global standards. This includes tightening control over the trading, importing, and exporting of low-quality goods, in line with Egypt's international commitments under the World Trade Organization's "Trade Facilitation Agreement" regarding the implementation of integrated risk management systems in cross-border trade. Additionally, Engineer Essam Al-Naggar, Chairman of the General Authority for Export and Import Control, praised the support from the Korean government for implementing this project, which will contribute to establishing a modern integrated system for monitoring the import of industrial goods, including market surveillance, similar to practices in developed countries. KOICA (Korea International Cooperation Agency) is a Korean government agency under the Ministry of Foreign Affairs dedicated to implementing grant aid programs designed to combat poverty and support sustainable socio-economic growth in developing countries worldwide. The KOICA Egypt Office, established in 1998, provides technical and technological education for youth in Egypt, supports the digitalization of government services and systems, and carries out programs to address gender-based violence, strengthen women's empowerment, and support vulnerable groups. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks News Shell Unveils Cost-Cutting, LNG Growth Plan
Daily News Egypt
07-05-2025
- Business
- Daily News Egypt
Egypt steps up export reforms with focus on quality standards, market insights, and global expansion
In a strategic move to enhance the competitiveness of Egyptian exports, senior officials from key government agencies announced a wide-ranging set of initiatives at the second edition of the Egypt Export – Reality and Ambition conference. The event, organized by Expo Consultants Global in partnership with DMG Events, showcased growing collaboration between Egypt's public and private sectors to drive export growth. Khaled Sofy, Chairperson of the Egyptian Organization for Standardization and Quality (EOS), emphasized Egypt's expanding role within the International Organization for Standardization (ISO). He announced that EOS is issuing ISO 17065-accredited certificates at minimal cost, giving Egyptian products easier access to global markets. Sofy also highlighted coordination with over 500 industrial partners to develop a unified national quality framework that supports export competitiveness. Osama Basha, Minister Plenipotentiary and Head of the Arab Countries Department at the Egyptian Commercial Service, stressed the agency's role in safeguarding exporters by conducting in-depth assessments of potential foreign partners. He noted that the agency is intensifying communication efforts and raising awareness among Egyptian exporters about the support services available to them. Ahmed Abdel Maksoud, Director General of Exhibitor Affairs at the General Organization for Exhibitions and Conferences, underscored the importance of increasing Egypt's participation in international trade exhibitions. These platforms, he said, enable Egyptian producers to benchmark globally, attract new customers, and unlock fresh market opportunities. Abdel Maksoud also revealed that new export support regulations are in development, with a focus on locally manufactured goods to boost value addition. Dalia Shahab, Head of the Central Department for Industrial and Non-Industrial Imports at the General Organization for Export and Import Control (GOEIC), introduced a multilingual digital platform offering around-the-clock support to exporters. She also highlighted efforts to expedite customs clearance through flexible solutions and ISO-accredited inspection services provided by certified labs at ports. Additionally, GOEIC operates a quality center offering training and consulting to help exporters meet international standards more efficiently. Kamal El Dessouky, Board Member of the Federation of Egyptian Industries, affirmed the government's commitment to supporting exporters through the Ministries of Industry, Foreign Trade, and Investment. He called for stronger public-private collaboration to address systemic challenges and achieve the targets outlined in Egypt's Vision 2030. El Dessouky stressed that effective export support extends beyond financial incentives to include improvements in product quality, streamlined customs processes, and access to actionable market intelligence. He emphasized the private sector's untapped potential, contingent on greater legislative flexibility, better access to finance, and enhanced technical and training support. To ensure lasting progress, he advocated for continuous dialogue between policymakers and business leaders to develop export strategies grounded in practical experience and aligned with global best practices.
