24 May 2022
The most important certifications in the field of import and export
Before having and starting your own business in any field, you must study it well, you have to be aware of the needs of the local and global market, know the competitors, as well as the legal papers and documents that you will need. For all those interested in international trade, Bawabt Elsharq website offers you the most important certificates related to the field of import and export. The import The process of bringing goods and products from any other country is called import, to meet the needs of the population and the requirements of the various industries existing in that country. For this process to take place legally, a set of laws and documents regulating this process must be available between countries and their different governments. Documents (certificates related to the import field) Shipping Policy It is a contract between the owner of the shipment and the carrier company that confirms receipt of the goods, its shape, quantity, and all its specifications, the destination to which it will be shipped, as well as the date of shipment, and the date of delivery of the shipment. Financial fines may also be mentioned in case of delay of the shipment and all data related to the shipment. Commercial invoice It is that document or whatever that has the price of the product and its quantity on the date of the purchase and sale process. In some countries, it is required that the invoice is in clear, simple, and easy to understand English. And any commercial invoice must contain some data such as: All the data of the exporter or importer, including the name, address, and personal phone number of the company Invoice number and date of completion of the purchase and sale process The name of the company receiving the imported shipment and the full address in detail A comprehensive description of the merchandise, its quantity, unit price, total price, and approval number (based on the laws of each country in payment methods). Signature of both sides of the import and export process. Certificate of Origin It is the document that shows the nationality of the goods and the country of manufacture. The certificate of origin document is issued by the exporting country and authenticated by the embassy of the country that manufactured the product to be imported. Its importance is evident in two points: Estimating the value of duties levied on merchandise Determining the economically prohibited goods in the laws of each country Quality Certificate One of the most important certificates for the field of import and export is the ISO quality certificate (IOS), which is a document that clarifies the specifications of the product and its conformity with international specifications and standards. This certificate indicates that the shipment to be imported meets the legal and administrative requirements related to the products. It is worth noting that there are seven types of quality certificates. The quality certificate should include a valid signature from your bank. Payment receipt It is a legal document in which the payment process is confirmed, and it contains the date of completion of the purchase and sale process, and the receipt may contain the value-added tax, with the need to verify the transfer code of the bank through which the payment was made. Documents (certificates for the export field) One of the most important certificates in the field of import and export, which are common between them. Commercial Invoice, Payment Receipt, Certificate of Origin, Bill of Lading, and the certificates for the export field are added to the following documents: Conditional Policies This document includes all goods that have been damaged, lost, or broken during the shipping process from the exporter to the supplier. Clean policies It is a document that confirms the arrival of the goods in good condition without shortage or damage. Three copies of that document are extracted and distributed to (the exporter - the importer - the carrier). This document contains basic information: The name of the bank through which the payment was made The name of the carrier and all its data The physical condition of the shipment, meaning whether the shipment value has been paid or will payment be deferred Brand seal of the shipped merchandise A detailed description of the shipment with all its contents Insurance Certificate It is an official document showing the total value of the shipment, indicating whether the price includes freight (FOB form) or does not include freight (CIF form).
22 May 2022
basics of learning the field of export
Exporting is the process of selling products between companies outside the country's borders, this is what we all know right? Bawabat Al Sharq will give you a golden chance and will shed light on everything any exporter needs to know about this process, and what are the basics of this phase? First of all, exporting is better than importing, as it represents an important source of foreign currency that contributes to economic growth. This is why most countries encourage exporters more and facilitate their laws. If you are someone who has interested to work in this field then you must establish your own company and obtain legal documents for licenses. What are the basics of learning the field of export? Like any other new field you want to learn, you have to read and research a lot about all the points related to this field. Also, you have to put into consideration taking training courses that will qualify you for the level of professionalism or consulting a friend who is a veteran in the field. Examples of points to look for include: The products you want to export. The cost of manufacturing products in your country compared to other countries. Countries that need these products. Shipping costs for transporting products from your country to other countries. Funding sources supporting your company. How to open a corporate bank account. Find out about the shipping agents in your country. Identify the locations of importers interested in your products, whether online or at actual sites. How to take steps in the exporting market? First, you need to start receiving regular correspondence, which contains the proposal for the importer interested in those products that you want to export. If the price is suitable for you, you will send the approval of the offer. After this comes the part where you have to reach a fine agreement on how the payment will go and then writing contracts begins. After this, it is the time for the shipping phase and it includes two important steps and they are: 1- Pay the insurance value. 2- Inspection until arrival at the port. Secondly, the official documents are attached to the imported or exported shipment in order to complete the final measures to go through from the customs office. Documents required to complete the export and import process A set of documents must be available to enable you to legally practice this business. Those documents are: Tax card Commercial Register Import card Export card Standards for transporting goods during export and import There are several internationally agreed standards for the transfer of goods from the exporting country to the importing country for safety and security for all parties to the commercial process. Transport insurance The transport insurance step is done through the customs broker company, which delivers the goods to the place agreed upon by both parties. Therefore, the customs broker transports the goods, wraps them, and stores them in the warehouses designated for that. export insurance This step is carried out through insurance companies specialized in insurance of goods against accidents and damage, this goes by according to the legal documents agreed upon by the issuing party, the importer, and the insurance company. Goods Inspection Where the inspection of all the products desired to be exported whether the goods arrived in a fine condition or not. It is necessary to ensure the safety of the goods in the warehouses specified by the importer and to check them well upon their arrival at it. Customs policies for import and export The customs policies are carried out by the customs extract, as the policy must have all the information attached to it, the most important of which is the period of permitting the goods at the port. Some companies put fourteen days and others give twenty-one days, while the minimum period for allowing the goods to remain in the port is seven days and not less. Now that you have the theoretical knowledge of the basics of learning the field of export, go ahead and always remember that Bawabat Al Sharq is your ideal friend during your commercial journey.
19 May 2022
Most European countries import clothes
Most European countries import clothes In the past, the Egyptian market depended on importing clothes, but since the changes that happened in the import law, the garment industry has flourished in Egypt and has become one of the exporting countries. And the most European countries import clothes from Egypt: Poland - Romania - Germany - Netherlands The Chamber of Garment Industry of the Federation of Egyptian Industries signed an agreement with a program called "Trade", in cooperation with the US Agency for Development. The objective of this agreement is to qualify local factories for the external export conditions required by countries. This agreement contributes to increasing the volume of Egyptian exports from the apparel and textile sector by about three hundred million US dollars annually. 50 factories will be rehabilitated annually, bringing the number of factories qualified to export by the end of the five years to about 250 factories out of a total of 356 factories registered with the Chamber of Garment Industry. This helps to reach the volume of Egypt's exports of clothing to an approximate value of 3.5 billion dollars annually within five years. The reasons that led to the boom in the export of Egyptian clothes Egypt was not one of the countries that exported clothes but rather imported many of them, but the situation is impossible, and the global market has developed as a result of the political and social events that occurred, including: The energy crisis in China led to China issuing a law to reduce electricity consumption and thus reduce manufacturing capacities. This led to a reduction in the rate of production and the retreat of China from its role in exporting and its tendency to import to cover the needs of its domestic market. The collapse of the Turkish lira: led to an increase in the cost of production and a rise in the export price, and thus it did not become the best country for exporting clothes, but the verse turned into an importer. The high cost of transportation and shipping from East Asian countries to European countries tended to import and cover their needs from the Egyptian market. Egypt's geographical location and proximity to the European market made it the focus of attention for all traders wishing to invest and increase profit and trade. European countries that import clothes Poland Poland is one of the European Union countries that are characterized by its strong economy, as it has been able to pass many economic crises that the European market has gone through. Despite its multiple productions of various goods and merchandise, it is one of the most European countries importing clothes, especially from Egypt. Goods that Egypt exports to Poland in the clothing sector knitted fabrics Crochet Products Shirts T-shirts and a host of other windbreakers Men's or boys' sets Pants and shorts Women's suits Women's jackets and blazers Blouses, Dresses Thus, the market share of ready-made clothing and its derivatives manufactured in Egypt from the total imports of the Poland market is approximately 0.27%. Romania Romania belongs to the countries of the European Union, and it is one of the largest economic markets in the region, which is characterized by its technology industry and many modern technological devices and helped by its economic growth, its privileged location, and its size, which made it the largest country in Southeast Europe. Romania controls the land route between the Balkan countries and shares borders with Bulgaria and Hungary, as well as Serbia and Moldova, and thus is considered a starting point for Egyptian exports to the markets of Eastern European and Baltic countries. The Romanian state resorts to importing some products that cover the needs of the Romanian citizen, as happens in the case of importing clothes from the Arab Republic of Egypt. As the Egyptian exports to the Romanian market in the first half of 2021 amounted to about 107 million dollars. The market share of the Egyptian ready-made garments sector in the Romanian market is 0.1%, with an annual growth rate of 8.6%. Germany Germany has the strongest economy in Europe, and the fourth most powerful economy in the world after the United States of America, China, and Japan. The value of trade exchange between the Egyptian state and Germany increased to four billion US dollars during the first ten months of 2021. One of the most important goods that Egypt exports to Germany is clothing, with a value of $71 million. Thus, the Federal Republic of Germany occupies second place in terms of the largest importing countries for Egyptian ready-made clothes. Holland The Netherlands is located in northwestern Europe and because of its location and borders with countries of great economic importance, the Netherlands has become an important role in the European economy and is completely dependent on international trade, especially with the presence of the largest ports in Europe. As for the trade exchange between Egypt and the Netherlands, Egypt's exports of ready-made garments to the Netherlands grew by 50% during the first half of 2021.
16 May 2022
The most essential products that Egypt exports
Export and import are one of the pillars of the economy of any country, and the Egyptian government is aware of the most essential products that Egypt exports, because of its favor in providing foreign currency, that’s why it has paid great attention to them in order to match the international specifications. Egypt is characterized by a lot of goods and crops suitable for export, which many countries wish to import. The most important products that Egypt exports in the field of fresh crops The European Union and Arab countries, such as the United Arab Emirates, Kuwait, and Saudi Arabia, are keen to import many of Egypt's fresh crops, distinguished by their quality and good taste, such as: Onions. Garlic. Tomatoes. Cucumber. Colored peppers and green peppers. Potatoes, We have to mention that Egypt is a world leader in the field of exporting high-quality potatoes in cultivation, harvesting, transportation, packaging, and transportation. Fresh fruits like orange, strawberry, and mango. It is distinguished in these crops that fertilizers and pesticides are not used in their cultivation and therefore they are recommended by the World Trade Report Center in terms of high quality. The natural resources and petroleum products that Egypt exports Among the important Egyptian products for export are natural resources. God Almighty gave Egypt many of them depending on the soil and climate, such as: Manganese Phosphate Gypsum Lime Zinc Raw Iron The Arab Republic of Egypt also exports petroleum products in their raw and manufactured forms, as well as natural gas products, as it has been able to achieve self-sufficiency. Urea agricultural fertilizer Due to the high quality of Egyptian fertilizers, Egypt is also one of the few countries in its production of fertilizers, especially urea. These fertilizers are imported from Egypt by almost all European countries, especially with the ease of shipping and transportation by the sea with the availability of ships specialized in shipping this type of Egyptian products. Electrical appliances, machinery, and electrical cables Among the products that Egypt exports and have great demand in Sudan, the Maghreb countries, African countries, and the Far East, as well as some European Union countries are: Electronic goods Home ovens for the kitchen Housewares Engineering materials Agricultural machinery and equipment Electrical conductors Used cars Plastic products Egypt is keen to support the manufacture of these products with high quality, which increases the demand for them over time. Gems and precious metals Due to the nature of Egypt and its diverse soils, many gemstones are extracted which are a source of positive energy. Their possession or wearing brings relaxation and helps to recover from many diseases. Thus, these products are considered a fruitful material for export, whether manufactured or raw, to be formed in the form of an accessory or an ornament, or to be used in the manufacture of clothing and various decorations. These products are exported to many countries globally, especially the UAE. It is worth mentioning that the Egyptian government holds many exhibitions for these products and handicrafts in many countries as a way of promoting them and building a new market for them. Detergent and paper products Among the most important products that Egypt exports in this field: Laundry Detergent Bathing loofah Cyprus is the first importer of it. Facial soap of all kinds and components Tissue paper The European Union is at the top of the list of importers from Egypt because of the low cost of production compared to its high prices in those countries. Fabrics, clothes, and cotton Egyptian cotton is the first in the world, so the demand for importing it in all its forms, whether raw or manufactured in the form of cotton clothes, is increasing. Among the products that are constantly demanded export are: men's suits Jackets of different materials Men's pants Egypt offers all kinds of yarns and knitting products such as fabrics, and natural threads such as: Silk, cotton, or manufactured, such as polyester and jeans. Aromatic plants and medicinal herbs If you travel to any country and enter the perfumery markets, you will be surprised that most of the products in the market are Egyptian products that were imported from Egypt! Yes, Egypt's diverse atmosphere gave it the advantage for the growth of many plants and herbs of different use, which are used in many aromatic and medical industries, so many countries import them from Egypt, such as: All Arab countries (United Kingdom - Tunisia - Morocco - Algeria - Emirates - Kuwait) Some European Union countries. The United States of America. Examples of these plants are: Chamomile Egyptian wormwood Egyptian municipal mint Basil Thyme Tamarind Fennel flower Ginger Caraway Anise Dried lemon Rosemary And a lot of food spices. But before you start exporting any product, you must make sure that it complies with international standards and the ISO mark so that you do not waste your money in vain.
10 May 2022
how to avoid loss in the field of import and export ?
Nobody likes to lose, and before you start your journey, you should consider some tips to avoid loss in the field of import and export . The first step is to have a deal with a trusted legal accountant, who will help you know the steps and documents needed to open a company with legal foundations, making it easier for you to enter the field with confidence . Try to come up with a name of the company which is related to the field and easy to pronounce in different languages so that it is easy to memorize and circulate among customers . The second essential step in this field is to open a bank account for your company, so that all financial transactions are done through it . Now you have the basics and you are ready to start the journey of success and we are pleased at Bawabat Al Sharq to be the partners of that journey through our distinguished services . Tips on how to avoid losing in the field of import and export Prepare a well-studied plan for the market and learn about all the products that your country is famous for, and their quality and price compared to the global market. Make a good research on the countries that need these products, how close they are, and the shipping rates for them. These two steps will qualify you to know the products that you can export outside your country, all you need now is to contact the authorized shipping agents to find out what is required to complete the export process. You have to be aware of the market’s needs, also, you must know if there is someone who imports them, and what is the cost of importing them? Now you need to know the locations of these products and the countries with the best price and highest quality. Also, you need to know if you can combine high quality and good price, or you need to choose between the two advantages according to the needs of the market! Already you now have the necessary information to start the first import of your starting company, contact the authorized freight forwarders and complete the process successfully. While choosing the countries to which you will export or import, try as much as possible to choose the closest or least in shipping costs. Don't mix your goods with other companies' goods in the same container, having your container will make them cheaper and safer. Importing and exporting food products is an arduous and psychologically stressful task, as you are under constant pressure called the expiration date and the provision of appropriate climatic conditions for food commodities. High temperatures, power outages in freight refrigerators, or delays in goods at customs, all of these may damage products and expose you to loss. So make sure to deal with reliable shipping companies and know how to value the time. Whatever product you are going to export or import, you must make sure of its validity date, and its compliance with international specifications so as not to fall prey to customs and health inspections. You can refer to the exporting or importing company (the second party) to find out the required specifications according to the law of the country you are dealing with. Each country has its laws, and your products may be welcomed in one country and rejected outright in another because they may consider those products to violate the law, which will make you face fines and legal prosecution. Make sure to put enough time into the contract while calculating all the considerations and possibilities that could happen suddenly. These are the most important tips that will definitely help you in the market.
14 Apr 2022
The world's most important markets in the field of import and export
One of the basic components of the economy of any country in the field of import and export. Through the exchange of goods and products between countries, the needs of each country are met and the surplus production is benefited from it. As was mentioned before, a group of basic countries that are considered one of the most important global markets in the field of import and export, such as: Egypt - European Union - UAE Today we will shed some light on another set of markets for the import-export business. Germany Germany is the fourth in the world economically, and it is distinguished in the software and electronics market, becoming the most growing market in this field at the global level. Also, it is famous for exporting technology in all its forms (robots - modern devices and machines - electronics and software ....) On the other hand, Germany overtook the developing countries in the health field, to be the first in the pharmaceutical, chemical and cosmetic industries. Who among us did not catch one of the designs of Mercedes cars scattered in all countries of the world? The greatness of these cars is because of the German market, which has outdone itself in the automotive industry with its unique brands such as: Mercedes Benz Volkswagen Porsche Audi BMW Germany imports Despite the great growth and strength of the German economy, the government imports some commodities to meet the population's needs and satisfy their requirements. Among the main markets that Germany imports from are: Asia North America Africa South America The industrial development in Germany was reflected in the increased demand for crude oil, and Russia was the ideal market for importing petroleum materials, followed by Norway and then the European Union. To achieve food security for the German people, the government imports food products worth nearly 85 billion German marks, which is equivalent to a third of its food needs. Turkey The Turkish market is one of the most important global markets in the field of import and export, as it ranks 25th as the largest global export market. Turkey exports Among the products that the Turkish market is characterized by exporting to countries (Germany - Iraq - Iran - United Kingdom - France - Italy): precious metals Such as copper, mercury, iron and manganese. Agriculture and food field Some grains and agricultural products such as: (cotton - grapes - figs - tomatoes - olives - wheat - apples - barley and some other vegetables and fruits. Furniture Industry : Turkey is famous for exporting furniture to Iraq, Germany, and Iran. In industry: Turkey's exports are famous for: (textiles and clothing - animal oils - vegetable oils - sugar - raw wood - plastics - household appliances - cement - car tires - and some spare parts for cars). The citrus industry and some types of cooked meat are also flourishing in Turkey, which helps to stimulate the export market for these industries.
06 Apr 2022
Benefits from importing from Africa
Africa is considered one of the largest continents in the world and it presents 2% of world trade and therefore the advantages of importing from Africa are much better than anywhere else. Africa is a source of many basic foodstuffs such as: tea, meat, bananas, and spices. Great countries prosper economically by exporting their products around the world, as well as, by paying attention to increasing exports and reducing imports, which has a positive impact on the general economy. Therefore, Africa is interested in exporting and globally looks forward to becoming one of the largest supplier continents. COMESA to double the advantages of importing from Africa Africa established COMESA, which refers to the Common Market for Eastern and Southern Africa. It is defined as a preferential trade area extending from Libya to Zimbabwe, and its membership includes nineteen countries. COMESA was established in 1994, regardless of the Preferential Trade Area that has been existed since 1981. In an initiative that is the first of its kind in Africa, nine countries established a free trade area in 2000 (Egypt, Djibouti, Kenya, Madagascar, Malawi, Mauritius, Sudan, Zambia, Zimbabwe). Later on, Rwanda and Burundi joined the FTA in 2004, after this, Libya and Comoros joined in 2006. Somalia officially joined the Common Market for Eastern and Southern Africa (COMESA), becoming the 21st member of the market. The COMESA agreement aims to gradually remove customs and non-tariff restrictions on goods among member states so that the minimum local value-added is 45%. There are countries that apply a 100% customs duty reduction, which are: Mauritius - Madagascar - Zimbabwe - Egypt - Malawi - Rwanda - Burundi - Kenya - Djibouti - Zambia - Comoros - Libya. These applied customs exemptions have turned the importers' inclination towards African countries. Furthermore, importers were getting tea from India, then they turned to get it from Kenya and Uganda. Weaknesses of the African market An economist said, that the African market is still an emerging market, and it has a lot to do to reach global markets, because: Poor infrastructure. The lack of African countries to have national banks on their land. On the other hand, the development of relations between Europe and Africa led to a huge increase in the exports of West Africa and the African continent in general to Europe, and thus the proportion of exports tripled. Products that you can import from Africa The resources produced by the African continent contribute significantly to European industry, especially textile, metallurgy and agriculture. Among the materials that Europe imported from Africa: Fish. Food. Tobacco. Animal products. Metals, chemicals, and petroleum products. Machinery and transportation equipment. Textile and apparel industries. Agricultural products and fish products. Other countries in Africa such as Niger and Sierra Leone are exporting (diamonds - uranium - precious metals) to European countries, especially France, Italy and the Netherlands. Thanks to the potential of the North African region in solar energy, it has attracted the interest of many countries. The International Energy Agency estimates that North Africa's solar energy potential alone can meet the needs of North Africa, the Middle East and Europe. Africa also exports commodities such as coffee, tea, sugar, cotton, and fish products primarily to Germany, Belgium and France. Meanwhile, gold is the most important export commodity in Tanzania and Burundi, which is exported mainly to countries such as Switzerland. Besides the above commodities, the mentioned countries also import gold, diamonds, platinum, and other metals. Botswana and South Africa are among the major producers of gold and diamonds in Africa.
06 Apr 2022
Egyptian products which got banned from being exported
War is mass destruction that devours cultures, destroys families, and leads to global food supply disruptions that will definitely cause huge global price hikes. As a result of the war that broke out between Russia and Ukraine, many governments have taken a set of decisions to maintain their economy such as banning the export of some products or imposing restrictions on the economy, which aims to activate attempts to self-sufficiency. The skillful mindset of the Egyptian government always paves the way to go through these crises, it has made a couple of decisions, one of them is to ban exporting some Egyptian products such as: Wheat, flour, oils, corn, lentils, pasta, beans, grits, and mashed. So due to the war, the Egyptian government has made a couple of decisions, one of them is to ban exporting some Egyptian products such as: Wheat, flour, oils, corn, lentils, pasta, beans, grits, and mashed. This decision came out because of the importance of these goods in the Egyptian food market. And since the outbreak of the war, the price of many commodities such as bread has increased by 50%,so the government is actually planning to spend an additional 15 billion pounds to cover wheat imports to meet the needs of Egyptian families. Let us shed some light on how it goes and how actually the war there between Russia and Ukraine affects prices in the Egyptian market? Egypt imports about 75% of its corn needs, 30% of them comes from Ukraine, and because chicken feed is made from corn, the price of chicken and eggs in the Egyptian market has increased. As per the previously mentioned decision, Egypt has enough reserves for up to seven months, as the Egyptian government aspires to provide basic commodities for a period of up to six months. The decision will not contribute to reducing prices but will maintain the stability of these goods and achieve the limit of self-sufficiency in the Egyptian market. It is also known that Egypt exports small quantities of manufactured oils in the form of a finished product that is packaged, wrapped , and the decision contributes to stabilizing the price in the market, especially with the advent of the holy month of Ramadan, where the consumption of various food commodities increases. The latest releases of the Central Agency for Public Mobilization and Statistics show that Egypt’s exports of vegetable and animal fatty oils rose to $78.8 million during the first 8 months of 2021, compared to $63.3 million during the same period in 2020. The decision to ban the export of Egyptian oils came based on the high prices of oils since the outbreak of the Russian-Ukrainian war. Where the price jumped by about 4500 pounds per ton, to record about twenty-nine thousand and five hundred pounds in the wholesale market, compared to twenty-five thousand pounds before the outbreak of the war. The Ministry of Trade and Industry’s decision to ban the export of some Egyptian products such as flour, pasta, beans, broad beans and lentils, will lead to an abundance of these strategic commodities, enhance reserves, and prevent any increase in commodity prices. Attempting to control the price of these commodities in particular by preventing their export is a smart move by the Egyptian government that will be weighed in its wise decisions. Even if this decision is limited to a period of three months, it will have a long run positive impact in supporting the Egyptian economy. The decision was positively reflected on the Egyptian citizens, who felt safe and proud under the banner of the Egyptian government and its rational decisions that are evident in global crises. People will not forget the steadfastness of the Egyptian economy, despite the economic collapse of many countries at the time of the Corona crisis, which lasted for more than a year and its effects continue to this day on many people and governments. Egypt always remarks a huge success in overcoming crises with the wisdom of its leaders and experts, who take the right decision at the right time.
04 Apr 2022
The most food products consumption during Ramadan
value of the average Egyptians’ consumption of food products in the month of Ramadan costs One hundred billion pounds! , which is twice the value that is consumed monthly! This statistic came from the Internal Trade Development Authority of the Egyptian Ministry of Supply, as reports proved that the Egyptian people's consumption of food products in the holy month of Ramadan amounts to 6.4 billion US dollars, which is equivalent to 100 billion Egyptian pounds. This consumption includes: ● Meat: 30,000 tons are purchased, with an increase of 70%. ● Poultry: The purchase of poultry ranges between 65 and 70 thousand tons. ● Dairy: Consumption during Ramadan reaches 100,000 tons. ● Yogurt: Egyptians consume 60,000 tons of yogurt during the month. ● Oils: consumption ranges from 60 to 75 thousand tons. ● Ghee: Ghee consumption is about 75,000 tons. ● Sugar: 250 thousand tons, and in the remaining months it is only 175 thousand tons. ● Bread: 35 billion loaves of different types of bread. ● Beans: 70,000 tons of beans throughout the month. ● Nuts: 44 thousand tons. These numbers are according to the latest statistics of the Egyptian Central Agency for Public Mobilization and Statistics, and if they indicate anything, it is that the month of Ramadan has the largest share of sales and consumption of food. Products imported by Egypt for Egyptian consumption in Ramadan Egypt imports food products worth up to 59 million US dollars, in order to cover the rate of Egyptians' consumption of food products during the holy month of Ramadan. ● Rice: 90,000 tons of rice ● Al-Yamish: Approximately $50 to $60 million. ● Beans ● Yellow corn ● Wheat. ● Palm oil ● Edible frozen livers ● Black tea ● Soybean ● Frozen fish ● Frozen boneless beef The government is fighting high prices by providing many exhibitions and outlets for consumer complexes, which number about 1,300 outlets at the level of the governorates of the Republic. Any Egyptian citizen can buy from these places and save a lot of money with the noticeable price difference. Visitors are welcomed at these outlets from 9 am until 9 pm, to meet the needs of citizens and sell goods and products at discounts ranging from 10 to 25%. Traders began importing Ramadan yamish early this year to ensure that it arrives on time without delay and that is because of the slow shipping since the global Corona pandemic. It seems that the increase in the price of shipping at the global level from 8 thousand to 14 and 18 thousand pounds per container led to an increase in the price of yams by 15-20%. Egypt imports its requirements for the holy month from several countries, such as: Syria, Iran, Turkey, China, North America, Dubai, Singapore, Vietnam prices for Yamish Ramadan 2022 ● Raisins: increased from 70 and 80 to 90 pounds per kilo ● Qamar al-Din roll: its price increased from 20 to 60 pounds ● Hazelnuts and almonds: the price has increased from 140 to 160 pounds per kilo ● Ain El-Gamal: Its price has increased from 180 to 200 pounds ● Pistachio: its price increased from 200 to 240 pounds per kilo. ● Prunes, apricots and figs: the average price per kilo according to size is 140 pounds All religious authorities and state officials appeal to citizens to have good management and not to waste during the holy month. The purpose of the month is fasting and getting closer to God, not excessive buying of goods and wasting a lot of food. The family of the East Gate Administration extends its warmest congratulations to all citizens on the occasion of the holy month of Ramadan, may God bring it back to the nation with good, Yemen and blessings.
09 Mar 2022
Bawabt Alsharq | E-commerce B2b platform
Bawabt Alsharq extended to more than 25 international markets in Africa, the Middle East, and Eastern Europe.Our main goal is to provide export opportunities and increase the sales volume for our suppliers.Our vision is to transform the domestic business to become a global enterprise by providing Exports opportunities and expanding into worldwide markets.Our mission is, Associate suppliers to reach global buyers, by using the power of technology, Digital Marketing, and the empowerment of experts employees.you can read more about categoriesOur Milestones:1997Our journey started with a Refrigerated land transport fleet that serves Egypt and the MENA region.2008Started Badr dry land port Providing Importing & Exporting customs clearance and logistics solution.2016Launched BML as a logistics company and freight forwarder.2020BAWABT AL SHARQ was created as the first B2B Ecommerce platform in Egypt, the Middle East, and Africa covering all trading categories.Our Main services:1. Providing Export opportunitiesOffering data of interested leads online & offline.2. Export Management:-Targeting Markets - Marketing study for each industry- Export instructions for the targeting country- Pricing range3. Building a Mini site from A to ZShow up supplier’s products in a very professional way.4. Marketing Plan includes:- Target Audience Analysis- Email Domain creation- Social media campaigns- Website Ads- Mobile App Ads
02 Mar 2022
BAWABT ALSHARQ SERVICES
Our Main services: 1. Providing Export opportunities Offering data of interested leads online & offline. 2. Export Management: -Targeting Markets - Marketing study for each industry - Export instructions for the targeting country - Pricing range 3. Building a Minisite from A to Z Show up supplier’s products in a very professional way. 4. Marketing Plan includes: · Target Audience Analysis · Email Domain creation · Social media campaigns · Website Ads · Mobile App Ads 5. Account Management: Managing Requests for quotations & Following up with Buyers. 6. Data Analysis: Creating a report to present: Number of Requests of quotation Website traffic Most selling products
02 Mar 2022
The Central Bank of Egypt’s Decision Regarding Imports cycle
The Central Bank of Egypt (CBE) has decided on February 12th, 2022, to stop accepting documentary collections for all import operations and to work with documentary credits only. Thus, all transactions will take place between the importing bank and the exporting bank. No personal dealings will be recognized. This decision will not be applied to branches of foreign companies and their subsidiaries as the CBE has exempted them, and also noted the acceptance of documentary collections for goods that were already shipped before this decision. In addition, the issuance of this decision came two weeks before the activation of the Advance Cargo Information (ACI) system for the pre-registration for imported shipments. It is a new customs system by Article number 39 from the Customs Law number 207, for the year 2020. The objective of these decisions is the ability to follow and monitor importing cycle for the prevention of the entrance of anonymous goods of unknown origins and to quickly release reliably sourced goods at the same time. The country also aims to transform all paper documents into electronic databases to facilitate the search for information and to keep up with the technological advances of E-commerce.
28 Sep 2020
Egyptian craftsman initiative in cooperation between bawabt alsharq Company and The Chamber of Crafts
As part of the work on the Sustainable Development Strategy- Egypt 2030, which includes the axis of protection and development of heritage crafts to support and enable industries, and implement the vision of the Handicraft industry Chamber to promote industry and develop all areas and industrial communities of handicrafts, where the Handicraft industry Chamber is concerned with establishing a strong and stable industrial society capable of competing globally, as it’s considered the main locomotive of growth and prosperity in Egypt and the preservation of the Egyptian cultural heritage of traditional crafts through the support and development of Egyptian crafts industries and to advance industrial economic growth locally and globally by creating a climate conducive to the industrial development in terms of increasing the competitiveness of the Egyptian product, where it is characterized by its authenticity in the Egyptian history. Unique design, environmental crafts innovation and traditional industries, is our way of global uniqueness through the export of our exclusive Egyptian art to the world after its development and preservation of the Egyptian national character and return to the Egyptian national heritage and identity using local designs from the Egyptian environment by blending the past, future and present and melting it is a fundamental goal and the development of the craft sector, is the most important advantage. The Handicraft Industry Chamber: established by Ministerial Resolution 964 of 2015, the chamber was established by a republican decision of His Excellency the President of the Republic /Abdel Fattah El-Sisilaw No. 2 of 2017. The chamber the is affiliated with Federation of Egyptian Industries and specialized in researching all obstacles of handicrafts and proposing appropriate solutions in partnership with stakeholders and government agencies. It also specializes in cooperation with all organizations and authorities to develop the services of the chamber, and to represent the owners of handicrafts to public and private entities involved in the study and resolution of the crafts problems Bawabt Alsharq E-commerce company, aims to promote the movement of electronic commerce in the Arab and African region to keep up with the global e-commerce movement and contribute achieving industrial and economic development and achieving sustainable development for the Middle East and Africa region through several solutions to help suppliers and manufacturers to open new international and local markets, and buyers to get a wide range of products, services, quality and development of the economies of the Middle East and Africa through several solutions to facilitate communication and add new value to their markets and help them find suppliers and products quickly with efficient and safe method. Bawabt Al Sharq helps manufacturers to open their own external markets and market their products all over the world through a specialized team with great experience in the external markets, and we have a network of outstanding relationships all over the world, and full knowledge of all target categories in all sectors and we use the latest artificial intelligence technologies in addition to online payment gateways and shopping search engines. Bawabt Al Sharq devotes considerable attention to the handicrafts and heritage sectors in order to maintain the capabilities and identity of nations and to provide jobs, raise employment rates and create economic prosperity by building a productive society capable of international competition and meeting the requirements of the global market by developing it with multiple solutions dedicated to this sector.
23 Sep 2020
A cooperation agreement between the Enterprise Development Agency of the Council of Ministers and the East Gate for the development of Egyptian exports.East Gate, in cooperation with the Enterprise Development Agency, seeks to support small and medium enterprises by opening international markets and increasing import opportunities for Egyptian exports.The Enterprise Development Agency concluded a cooperation agreement with the East Gate Company for E-Commerce.East Gate is an Egyptian platform that connects the exporter and the importer and contributes to promoting digital transformation by providing multiple services in e-commerce and seeks to support small and medium enterprises by opening international markets in order to achieve the vision of the President to advance the national economy. East Gate Company is the first company that seeks to rehabilitate small, medium and micro companies to increase the rate of production with the aim of exporting, by providing documented studies and research that clarify the requirements of international markets and how to prepare for them.We hope that this cooperation will be a real start for the development of e-commerce and the realization of Egypt's Vision 2030 in supporting and developing projects.
23 Sep 2020
Advantages of E-Commerce
More Effective Marketing Profits: the adoption of online companies in marketing allows them to showcase their products and services around the world, providing them with a greater opportunity to make profits, as well as reaching more customers. Reducing Corporate Expenses: E-commerce companies allow you to market your products easily and provide workers in your company to market your products yourself as well as help you deal more widely and deal with all kinds of customers Reducing buyer search costs Improving production flexibility by ensuring the delivery of items on time. Improving product quality, create greater price transparency and provide search engine features
23 Sep 2020
Buyers are always looking for the added value to achieve more commercial profits. A large part of this value is to trim import costs. Some of these costs are shipping to the buyer who is looking for the country which has the best location and the lowest shipping cost, and is also looking for customs exemption to reduce costs as well as looking for the good reputation. In this article we will show you why it is preferable to import from Egypt. 1- Geographical Location The Arab Republic of Egypt is located in the northeastern part of Africa, with an Asian part lies in Sinai Peninsula from the southwestern side, so it is an important country, given its strategic location, linking the two continents of Asia and Africa, and guards distinct water borders, including: The Mediterranean Sea and the Red Sea. In addition, are bordered by many African and Asian countries, such as: The Gaza Strip, Sudan, and Libya, which makes them enjoy an excellent location that contributes a large share in the international trade movement, and it is worth noting that Egypt has an area of about 390, 120.66 sq. mi. 2- Economic Growth Egypt achieved rapid growth after implementing the economic reform plan in cooperation with the International Monetary Fund, as it achieved a growth rate of 5.6% during 2019 and Egypt was ranked 11th globally in the economic growth rate for the same year.