Egypt’s Ministry of Trade Sunday denied the issuance of any decree banning Saudi Arabian exports after the country’s General Organization For Export and Import Control (Goeic) has issued a decree suspending and canceling several companies, brands, and factories exporting goods to Egypt due to violations in registration.
The trade ministry is keen on providing Saudi companies investing in or exporting to the Egyptian market with the required facilities, the spokesman of the ministry said in a statement, Arab Business reports.
The statement also added that some Saudi companies are undergoing regularization in accordance with the registration rules of factories qualified to export to Egypt.
The move came after Goeic issued last month a decree suspending and canceling several companies, brands, and factories exporting goods to Egypt due to violations in registration.
The decree aimed at regulating registration rules for factories exporting products to Egypt.
The decree speculates that companies desiring to export to Egypt shall renew documents within at least 30 days as of the date of expiration.
The list of banned companies including several Saudi firms. Commenting on the March decree, the ministry indicated that these companies failed to submit required documents. It also noted the decision is not targeting certain companies or products from a certain country.
Egypt denies issuing decree banning Saudi export companies
