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Tuesday, 6 September 2016

Customs Act, Tenders Act will be put up for “a national dialogue” says El Garhy

The Finance Ministry will call for a “national dialogue” on the new Customs Act, which will impose “strict punishments” on customs evaders while reducing clearance times and fees for importers, said Finance Minister Amr El Garhy, according to Al Ahram. National dialogue is a euphemism the government uses to lobby the House and, on economic matters, get the input of leading business and investor associations. Also slated for a national dialogue, is the Tenders and Auctions Act that allows the government to withhold advance payments to encourage project-financing through the private sector.

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