Egypt has endorsed the TIR system to boost its regional and international trade flows. Following a series of meetings held by IRU in Cairo, Egypt’s Technical Committee for Trade and Transport Facilitation has unanimously pledged to begin preparation for accession to TIR.
The country’s strategic position as a logistics and transportation hub at the crossroads between Asia, Africa, and Europe makes it an ideal trading partner for the region.
The recent expansion of the Suez Canal and ongoing development of countrywide logistics centers will further increase transit volumes.
Egyptian Customs has nominated IRU member, the Federation of the Egyptian Chambers of Commerce (FEDCOC), to become the issuing and guaranteeing association for the TIR System. FEDCOC has already succeeded in implementing several key initiatives to facilitate trade and expand regional economic integration.