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Impact Of Egypt’s New Policy On China-Egypt PDF Print E-mail
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Thursday, 27 August 2020 00:00

In the first quarter of 2015, 5,994 batches of pre-shipment inspection in accordance with exporting agreement countries valuing $80.7958 million were done by Yiwu Entry-Exit Inspection and Quarantine Bureau, up by 38.85% and 50.52% respectively from the same period last year. As for the pre-shipment inspection of products exported to Egypt, the total amount was 4,932, 21.51% higher than the same period last year, and the total value climbed up to $54.2238 million, rising 26.52 from that of last year. The sum of products exported to Sudan reached 820 batches when the trade value amounted to $12.0403 million, with a year-on-year growth of 1054.93% and 413.47% respectively. Export volume of Yiwu to Sierra Leone, Ethiopia, Iran and Yemen business basically meet last year’s numbers.

There are two main reasons for these two significant rises.

To avoid the negative impact brought by the Egyptian new policy which took effect on April 1 this year, exporting enterprises chose to ship the goods in advance, so as to create a shipment peak in January and February and push the shipment volume; In another reason, as Sudan government strictly implemented the inspection agreement and investigate illegal fake clearance behaviors together with China, Yiwu export to Sudan increased explosively in the first quarter of this year.

In addition, it is worth attention that all industrial products exported from China to Egypt must comply with the Egyptian standards or 6 kinds of international approved standards since April 1, 2015.

The collection and translation of Egyptian standards is not an easy job, the commodity inspection requirement is high, and the inspection cost shows a further increase. All these unfavorable factors  made exporters choose to wait for the exporting business, so as to make a decline of trading volume. The impact of Exports from Yiwu to Egypt began to unfold in early March, with a “Plunge off the Cliff” fall: 2,600 batches valuing $27.0203 million in January, 2,044 batches valuing $23.2657 million in February, and 284 batches valuing $3.9354 million in March, fell respectively 86.11% and 83.08% compared with last month, and down 78.17% and 71.36% from March, 2014.

Next, the inspection and quarantine departments will continue to negotiate with Egypt through official channels to ask for standard samples acknowledged by Egypt, and to inspire  the majority of manufacturers, traders and industry associations to collect standards through trade channels and organize groups to translate, proofread and assess them, so as to improve the efficiency of inspection and test, to break the trade barriers, and to strive to minimize the influence of the new policy.

Zhang Chenlu

Yiwu Market,Yiwu Agent,China Yiwu Market,China Yiwu Agent

Last Updated on Thursday, 27 August 2020 02:47
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