This new import regulation is set to take effect from 1 March 2016 on, but, according to experts, it is hardly compatible with existing WTO rules. It can only be assumed that it is a temporary measure to reduce imports, since foreign currency reserves are disappearing much too quickly.
Providers of the following items are affected:
- • Foodstuffs (e.g. chocolate and food containing cocoa, milk and dairy products, fruit juices, pasta, sugar products, mineral water)
- Sanitary installations
- Wall and floor tiles for home use
- Crockery and cutlery
- ousehold appliances
- Bicycles and motorbikes
- Light fittings for home use
- Clothing and textiles.
To register with the competent general organization for export and import control, the following documents (amongst others) must be presented:
Registration of a company
- Copy of the company license
- Certificate of the legal status of the company and the manufactured products
- Quality control certificate within the company (must mandatorily be issued by the ILAC or IAF or by a testing body recognized by the Egyptian Ministry of Trade)
Registration of a trademark
- Proof of trademark protection registration
- List with all products traded under this mark
- Quality control certificate for the branded products (must mandatorily be issued by the ILAC or IAF or by a testing body recognized by the Egyptian Ministry of Trade).
Another new proviso is that documents for exporting a product (i.e. the invoice, for example) can only be accepted by Egyptian banks if the transaction is carried out directly from the exporter's bank to the Egyptian importer's bank. As is typical in commercial practice, the direct forwarding of export documents from the exporter to the importer is consequently no longer possible.
Furthermore, the Egyptian customs authority issued another reminder in a memorandum that a certified invoice must be produced that provides exact details of the value of the imported item when importing goods to Egypt. Products from EFTA countries, to which Switzerland belongs, are excluded from this regulation. This means that it is not compulsory for the invoice to be certified.