Al Basha Idris, treasurer of Cairo Chamber of Commerce, said that it is important to
establish sovereign organization, that its only mission is to fight the outlaws ,using iron-fist
against smuggling mafia in Egypt because of increasing rates of smuggling and dumping
of unknown origin commodities.
He added that increasing smuggling rates is one of the main reasons for closing factories
in Egypt which Hit Hardest by the Recession. In addition to smuggled goods are sold at
cheaper prices, which resulting in losing billions pounds to the country through tax and
custom evasion.
Noteworthy that the studies were estimated at more than a Stats that, Egypt imported
goods and products beyond the 120 billion dollars, in addition to that, The phenomenon
of smuggling incurring an annual losses about 50 billion pounds. Which means that we
need to face this phenomenon, which are increasing day after another.