CargoX extends agreement with Egypt

Slovenia-based CargoX announced Monday a long-term extension of its current agreement with the Egyptian government to facilitate the country’s global trade document transfers needs. 

While the length of the new contract was undisclosed, CargoX will continue to work with Misr Technology Services (MTS), a trade and logistics platform 80% owned by Egypt, to provide its blockchain technology for the country’s customs facilitation platform the National Single Window for Foreign Trade Facilitation (NAFEZA). 

NAFEZA became the mandatory system for Egyptian ports on Oct. 1, integrating over 26 cargo clearance-related government systems, reducing the number of customs documents needed in Egypt from 18 to six.