Egypt: The Ministry of Commerce decides to exclude sugar imported through the temporary admission system from the export ban

Published 2023년 4월 1일

Tridge summary

The Ministry of Trade and Industry in Egypt has exempted exports of previously imported sugar or the import of its raw materials from a recently implemented export ban. This exemption is valid for three months and is part of a temporary admission system that allows the import of raw materials and intermediate goods for manufacturing or complementary operations, as long as they are re-exported. The US Department of Agriculture predicts that Egypt, which currently produces 90% of its local sugar needs, will achieve self-sufficiency this year due to the expansion of beet cultivation. The country's sugar reserve can last for three months, relying on supply from beet and cane crops during the harvest season.

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Original content

The Ministry of Trade and Industry confirmed the exception of exports of previously imported sugar or the import of its raw materials under the temporary admission system from the ministry’s decision to ban the export of sugar (of all types) except for quantities in excess of the needs of the local market, which are estimated by the Ministry of Supply and Internal Trade and after the approval of the Minister of Trade and Industry for a period of 3 months. The ministry said that due to the fact that the temporary permit is one of the special customs systems, the customs authority allows the import of raw materials and intermediate goods, as well as production requirements, to carry out manufacturing or complementary operations on them under the provisions of this system, while taking a set of guarantees, provided that they are re-exported, in accordance with the provisions of the customs law. No. 207 of 2020, and therefore the decision to ban sugar exports does not apply to the ...

Source: Youm7