Turkey owns the largest percentage of factories with 24 factories, followed by the UAE and China
The Ministry of Trade and Industry decided to write off 50 foreign factories from the register of factories and companies qualified to export to Egypt.
The ministry stated that the factories were registered with the General Organization for Export and Import Control to export to Egypt in accordance with Resolution 43 of 2016.
In January 2016, the Ministry of Trade and Industry decided to establish a register of factories at the General Organization for Export and Import Control, to register trademarks eligible for export to Egypt. Those products imported for the purpose of trading may not be released unless they are produced by registered factories or imported from trademark owners or trade centers. their distribution recorded in this log.
The decision also clarified that the registration or cancellation of this registry is issued by a decision from the Ministry of Commerce and Industry, and it has the right to exemption from any or all of the registration requirements in the cases it determines.
Turkey topped the list of countries whose companies were removed from the list of countries exporting to Egypt, with 24 companies, according to the list of companies that the Stock Exchange obtained a copy of.
And 4 companies operating in the United Arab Emirates, 3 companies each from China and Italy, and two companies each from Malaysia, Saudi Arabia and South Korea were written off.
The list of companies that were delisted included one company each in India, Japan, Singapore, America, France, Ukraine, Jordan, Germany, Indonesia and Spain.
The most important products produced by the factories that were removed from the register of the General Organization for Export and Import Control were ready-made garments, furniture, iron and food manufactures of sweets.
The article “Industry” crossed 50 foreign factories from the records of suppliers to Egypt was written in Al Borsa newspaper.