Egypt’s President Abdel Fattah al-Sisi has approved on Thursday a customs agreement between the governments of Egypt and Saudi Arabia aimed promote trade between the two countries, Ahram Online reported.
Sisi approved the deal, signed in Cairo in March 2015, after it was endorsed by the parliament.
The presidential decree was published in the official gazette on Thursday.
The agreement is designed to streamline trade between Egypt and Saudi Arabia and boost customs controls to combat illegal trade. It also aims at facilitating goods transfer through the customs transit system in both countries.
The agreement is also intended to strengthen administrative cooperation and training in the field of customs through the exchange of information and technical support between the two countries.
