E-commerce: buying and selling of products through an electronic medium – like the internet. Today, when someone refers to e-commerce they are mostly referring to the buying and selling of products over the web.E-commerce, or electronic commerce, is the use of internet technology to trade products, services and pretty much anything else you can think […]
A business-to-business, or B2B, business model is one in which a company sells their products first to another business, which will then often sell the product at a retail store at a marked up price. In traditional B2B eCommerce, One seller engages in digital commerce with multiple buyers. A B2B marketplace brings together multiple buyers […]
The program is part of the Ministry of Trade and Industry strategy to double exports and bring in around $100 billion annually, as well as boosting exports to foreign markets as a main source of foreign currency for the Egyptian economy. The program also aims to raise employment rates in various industries to absorb the […]
Oil and Gas is one of the most dynamic industries in Egypt, and hydrocarbon production is by far the largest single industrial activity in the country representing around 13.6% of the total GDP in 2018. Egypt plays a vital role in international energy markets through the operations of the two Suez Canal transit points and […]
HS stands for Harmonized System. It was developed by the WCO (World Customs Organization) as a multipurpose international product nomenclature that describes the type of good that is shipped. Today, customs officers must use HS code to clear every commodity that enters or crosses any international borders. HS Code StructureThe HS code can be described […]
Adding international to your business will only bring good things and the risk is no greater than running an E-Commerce domestically. Neglecting to export could actually hurt your business: foreign companies will eventually penetrate your domestic market and offer more competition. By taking your product abroad, you bring the competition to foreign businesses in your […]
Entering into the export market through an existing business may seem like an obvious way to increase your current revenue. In many cases, it is a viable means of expanding a business, and generating greater income. However, it is important to consider the logistics, timing and practicalities before jumping into the unknown. Exporting can extend […]
As the country continues to struggle with a foreign currency crisis, Egypt has also witnessed difficulties with imports, which have declined by 19 percent. Additionally the government has introduced a number of restrictions on imports, for instance in December 2015, the Ministry of Trade and Industry issued Decree No. 992/ 2015, which imposes a mandatory […]
Forbes reported that the Import-Export trade could get close to $1 Trillion this year. Staggering numbers for the industry, but with many borders closed, what can you do? Remember why you started your business in the first place. The Import-Export industry can be a rewarding thing to be a part of. You get to meet […]
