Latest Blogs on the Timber Industry & Trade Digitization

Advance Cargo Information EGYPT | May 6, 2022

Digital trade has become a crucial aspect of the entire industry, rather than being just an abstract idea, thereby changing the picture of global trade, depending severely on the free cross-border movement of data. Keeping that in mind, most offline or physical documentation or transactions are being shifted to a digital or electronic version. These digital documents are to be treated like their physical counterparts in the future.

Letter of Credit | February 24, 2022

On 12th February 2022, the Central Bank of Egypt announced a new rule for Egyptian importers stating that they would need Letters of Credit to buy goods from March onwards and that they should stop dealing with collection documents during import operations, especially within the framework of the Cabinet’s directives regarding the activation of the ACI system and the governance of the import processes.

Digitization | July 5, 2021

The ongoing digitization is transforming the business environment in a variety of different industries. As a result, business manufacturers are gaining more competitive advantages by implementing these emerging technologies and new digital solutions. While the digital revolution has changed most industries, its influence on the forestry trade has been comparatively limited.

Advance Cargo Information EGYPT | June 24, 2021

After careful consideration and in light of the ongoing trial, Egypt’s Ministry of Finance made the decision to postpone the mandatory application of the ACI system till October 1st, 2021. The implementation date was previously scheduled for the 1st of July 2021, but it was decided to extend the trial period till the end of September.

Advance Cargo Information EGYPT | May 31, 2021

Rapid digitization is causing tectonic shifts in the supply chain sector across industries. These advancements are aimed at transforming the way supply chains function and deliver value. In accordance with new digital procurement strategies, the new Egyptian customs law - the Advance Cargo Information Declaration is becoming mandatory for all Egyptian import shipments.