Letter of Credit Requirement in Exports to Egypt

Dear Member,

With reference to the letter sent to our Chamber by TOBB, a) our letter dated 23.02.2022 and numbered 1853; b) the letter received from the Ministry of Trade dated 01.11.2022 and numbered 79619055. In our letter referenced in (a), it was announced that the letter of credit requirement had been made mandatory in exports to Egypt.

This time, the letter referenced in (b), a copy of which is attached, states, with reference to a letter received from the Commercial Counsellor's Office in Cairo, that the said requirement will be completely abolished as of December 2022, while also emphasising that our exporting companies should secure their payments when carrying out their transactions.

Kind regards,

Elazığ Chamber of Commerce and Industry

 

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Date Added :2022-11-15 11:13:00