To facilitate trade movement between Egypt and the European Union Financial seeking an agreement made by Egyptian and Italian customs

The Ministry of Finance signed a joint agreement between the Customs Authority, the Egyptian and Italian, for information exchange and joint cooperation in the areas of transit trade and the fight against commercial fraud and intellectual property protection and risk management system of goods and passengers and the establishment factor analyses of the Egyptian customs and training in specialized areas in Customs work and cooperation in the development of a single window system for the release of messages in order to facilitate trade movement between Egypt and the European Union.

This was stated by Jalal Aboafattouh advisor to the Finance Minister for Customs, and added that a delegation of Egyptian Customs visited Italy last month in order to get acquainted with the facilities and procedures applied by Italy for the dissemination and application of the Egyptian customs.

He pointed out that EU member Italy, which is the first commercial partner to Egypt and therefore distinct relations between the Egyptian and Italian customs will be positively reflected on the movement of trade between the two countries and between Egypt and EU countries are Italy, where other southern gate of the Union.

The Italian customs is a good model for the radical change that has occurred in the role of customs in these days, with interest levy customs duties, the Customs play an important role in protecting national security and protect the health and security of citizens and protect intellectual property rights and those roles require the use of additional means To perform the functions of modern customs.

On the modern regulations applied by the Italian Customs and the Ministry of Finance study the possibility of application in Egypt Aboafattouh pointed out that there is a system of integrated automation of customs and taxes, which started in Italy in use in October 2003 and this system will help to reduce trade transaction costs as it depends on the full mechanization of the documents With shared electronically among all parties learned from importers and customs control points with the integration of information technology systems with those customs at airports.