Eight international logistics corridors launched as Egypt activates UN road transport pact
Egypt signed a assure settlement underneath the United Nations TIR Conference to cut back street transport prices by as much as 40 per cent and transit occasions by 80 per cent, alongside asserting the implementation of eight worldwide logistics corridors designed to hyperlink Europe, the Gulf, and Africa.
The settlement between the Egyptian Customs Authority and the Basic Federation of Egyptian Chambers of Commerce prompts a presidential decree approving Egypt’s accession to the worldwide customs treaty.
The signing ceremony was attended by Minister of Finance Ahmed Kouchouk, Minister of Transport Kamel El-Wazir, Minister of Funding and International Commerce Mohamed Farid, Worldwide Street Transport Union (IRU) Secretary Basic Umberto de Pretto, and Arab Academy for Science, Expertise and Maritime Transport President Ismail Abdel Ghaffar.
Minister of Transport Kamel El-Wazir said that Egypt is shifting from constructing remoted roads and railways to creating built-in developmental logistics corridors linking the Pink and Mediterranean seas and the Suez Canal to dry ports, industrial, agricultural, and mining zones.
El-Wazir outlined the eight corridors: Arish/Taba, Sokhna/Alexandria, Safaga/Qena/Abu Tartour, Cairo/Alexandria, Tanta/Mansoura/Damietta, Gargoub/Sallum, Cairo/Aswan/Abu Simbel, and the Bernice/Aswan/East Oweinat/Kufra/N’Djamena hall. The latter, he famous, is strategic for connecting the Pink Sea with Libya, Chad, and Central Africa, supported by the event of the Egypt-Chad street through Libya.
To facilitate commerce between Europe and the Gulf, El-Wazir detailed two foremost Arab commerce corridors. The Northern Arab Commerce Hall hyperlinks Europe to the Levant—together with Jordan, Iraq, and Syria—through the Arish/Taba route and the Arab Bridge Maritime Firm fleet. The Southern Arab Commerce Hall connects Europe to Saudi Arabia and the broader Gulf through Safaga port to NEOM (previously Duba) utilizing Egyptian nationwide fleets. These routes combine with the India-Center East-Europe Financial Hall (IMEC), China’s Belt and Street Initiative, and the Iraq-Turkey Improvement Street.
El-Wazir added that Egypt has jumped 100 locations to rank 18th globally in street high quality, citing the creation of a separate concrete truck lane on the Western Desert Higher Egypt street and the continuing concrete paving of the Aswan-Bernice street. He famous the state spent 3 billion Egyptian kilos creating the Sallum land port to spice up Egyptian-Libyan commerce, while highlighting a Ro-Ro transport line between Damietta and Trieste, Italy, which serves as a bridge for items shifting between Europe and Saudi Arabia.
The transport minister concluded by thanking ministry staff and transport authorities, noting that the high-speed electrical practice will attain Abu Simbel for the primary time to serve varied sectors, together with tourism.
Minister of Funding and International Commerce Mohamed Farid mentioned activating the TIR system will scale back street transport prices by 25 to 40 per cent and lower the time required for items to cross borders by as much as 80 per cent. Following directives from President Abdel Fattah al-Sisi to show Egypt into a world logistics hub, Farid famous his ministry is coordinating with the finance ministry and customs to develop a digital danger administration system balancing commerce facilitation with regulatory compliance.
Minister of Finance Ahmed Kouchouk revealed that transit commerce has grown by 40 per cent since March. He directed the institution of an govt division throughout the Customs Authority to make sure the correct software of the TIR system. Below the federal government’s second package deal of tax amenities, Kouchouk confirmed there is no such thing as a value-added tax on transit items and their related companies.
Head of the Customs Authority Ahmed Amoui defined that the TIR settlement, established underneath the UN and managed by the IRU, is the one international customs transit system permitting items to cross worldwide borders with out intermediate inspections. He affirmed the authority is increasing worldwide agreements and digital transformation to steadiness commerce facilitation with defending public treasury rights.
Ahmed El-Wakil, Head of the Basic Federation of Egyptian Chambers of Commerce, said the settlement grants Egyptian transport firms higher entry to regional and worldwide markets, decreasing provide chain prices and supporting exports.
