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Despite the COVID-19 pandemic and the rise in commodity prices globally, Egypt succeeded in maintaining inflation rates within the Central Bank of Egypt’s (CBE’s) target range of 7 percent (±2 percent) in 2021, at a time when many countries of the world are witnessing a wave of high inflation.

Egyptian aquaculture has witnessed a spectacular and rapid development over the past seven years. This increase is such that the country is now number one in Africa, number six worldwide in aquaculture production, and number three in tilapia production globally, becoming an important contributor to Egypt’s food security and economy.

On January 24 and 25, Cairo witnessed an important forum on climate change between Egypt and the United States within the framework of Egypt serving as the official host of the UN Climate Change Conference (COP27) taking place in November 2022 in Sharm El-Sheikh, Egypt.

On January 27, 2022, the Turkish government published a new regulation delegating specific authority for the decision to implement export bans on a list of agricultural commodities during 2022 to the Ministry of Agriculture and Forestry (MinAF).

The Turkish government continues its efforts to rein in inflation, which was made worse in recent months by the steep depreciation of the Turkish Lira against the US dollar and drought-related grain production losses in MY 2021/22.

In October 1, 2021, Egypt launched the Advanced Clearance Information system (ACI). The newly developed customs system was initially launched in a trial mode on April 1, 2021 and was officially launched in October.

In October 1, 2021, Egypt launched the Advanced Clearance Information system (ACI). Traders must register within the designated platforms (CargoX for exporters and ACI for importers). The ID number developed through the upload of the shipment’s documents on the platform called ACID and is required on all shipment documents.