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    Entanglements between Finance Ministry, NTRA End

    Cairo, 23 January 2020

    The Ministry of Finance and the Ministry of Communications and Information Technology (MCIT) have agreed to end the accumulated entanglements and set institutional rules for financial transactions, between the National Telecom Regulatory Authority (NTRA) and the Ministry of Finance.

    This comes within the framework of the government efforts to resolve effectively the financial entanglements between different state institutions, to raise their efficacy and improve their performance, thus providing better public services to citizens.

    The agreement aims to enhance cooperation in digital transformation projects, especially in light of updating and automating the tax and customs administration system, which aims to create an enabling environment for business, boost investment and establish an infrastructure for national economy.

    In November 2019, the Minister of Finance Mohamed Moait and the Minister of Communications and Information Technology Amr Talaat witnessed the signing of a Memorandum of Understanding (MoU) between the Ministry of Finance and NTRA, for settling the accumulated amounts of money between the two sides. The aim is to support NTRA to fulfill its mandate, perfectly, and drive digital transformation in Egypt as one of the key drivers of growing, building competitive and diversified economies and creating enabling societies for knowledge, innovation and investment.

    On the sidelines of the MoU, the two sides discussed developing the ICT infrastructure of the national “single window” system for foreign trade, to ensure the sustainability of a high quality performance and the execution of relevant processes, as fast and precise as possible. The aim is to reduce release time, lower custom clearance costs and improve Egypt’s position in the World Bank (WB) Trading Across Borders index.

    During joint meetings, Moait highlighted the significance of the “single window” project for automating the Egyptian foreign trade system, within the national digital transformation project. Logistics centers are to be connected with fiber cables, established and managed by Modern Telecom Systems (MTS) company, especially the logistics center in Port Said, to ensure the sustainability of a high quality automated project system.

    The Finance Minister added that within the framework of the joint cooperation, a protocol will be signed between the Customs Authority, MTS and NTRA, to implement and automate the “single window” system. The aim is to boost business, stimulate investment and promote local industry, especially in light of the fruitful initiatives adopted by the government to increases production capacity and exports, to boost national economy, to serve citizens, meet their expectations and improve their lives.

    Moait added that the cooperation between the two ministries aims to improve the “single window” system performance, according to the latest international expertise and global standards, with the aim to reduce the time needed for issuing the result of examining the messages submitted to NTRA through this system.

    MCIT is keen on enhancing cooperation with the Ministry of Finance and supporting it with advanced technical expertise, according to the latest global technologies. The aim is to raise the Ministry of Finance’s efficacy to carry out digital transformation projects, through establishing a strong infrastructure to ensure achieving a successful transition into a digital society, thus facilitating access to government e-services.

    For his part, the ICT Minister underlined MCIT keenness to adopt and harness modern technologies to achieve comprehensive development. This comes within the framework of the strategy for building digital Egypt, implemented in collaboration between different state sectors, to create a secure integrated digital system. The aim is to develop and automate government services and provide them to citizens through different outlets, in a hassle-free way, to achieve transparency and help rationalize state resources.

    Talaat also stated that MCIT is currently implementing a national plan for installing fiber optic networks nationwide, to provide a strong infrastructure and information infrastructure to support digital transformation. This includes an underway project that targets connecting 35K government facilities, nationwide, with a fiber optic network, in 36 months, to ensure providing citizens decent government digital services.

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