Latest news with #AuthorizedEconomicOperator
Hans India
14-05-2025
- Business
- Hans India
MRAs with 10 more nations soon: DIC
New Delhi: India has signed mutual recognition agreements (MRAs) with customs authorities of nine countries and is looking at inking such pacts with 10 more nations by December this year, a government official said on Tuesday. Under this agreement, trade facilitation is extended reciprocally. Akhil Kumar Khatri, Principal Commissioner, Directorate of International Customs (DIC), said these MRAs help promote two-way trade. 'We have signed these agreements with nine countries and by December this year, we are looking at signing with 10 more nations,' Khatri told PTI on the sidelines of an event on 'Unlocking Global Trade Synergies: First India-Russia AEO Seminar in association with the Central Board of Indirect Taxes and Customs (CBIC)'. It was organised by the Federation of Indian Export Organisations (FIEO) here. Last year, the CBIC and the Russia's Federal Customs Service signed the Authorized Economic Operator (AEO) MRA to provide reciprocal benefits to accredited and trusted exporters of both countries in the clearance of goods by the customs authorities of the importing country. India has already signed such pacts with with the customs administrations of South Korea, Hong Kong, Taiwan, the US, the UAE, Australia, and Russia.
Asharq Al-Awsat
06-03-2025
- Business
- Asharq Al-Awsat
Saudi, Moroccan Foreign Ministers Co-chair 14th Session of Joint Committee in Makkah
Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah and Minister of Foreign Affairs, African Cooperation and Moroccan Expatriates Nasser Bourita co-chaired the 14th session of the Saudi-Moroccan Joint Committee on Wednesday. The event was attended by senior officials from ministries, government agencies, and private sector institutions from both sides. The convening of the meeting reaffirms the strong ties between Saudi Arabia and Morocco and aims to boost cooperation in all areas of common interest, SPA reported. Both sides expressed satisfaction with the distinguished level of relations between the two countries and praised the efforts of the entities involved in the committee's work to meet the aspirations of both leaderships. They also emphasized their commitment to strengthening cooperation across various fields to further elevate their strong relations. The two sides signed a joint customs cooperation agreement for mutual recognition of the Authorized Economic Operator program and a memorandum of understanding in the field of environmental protection and sustainable development. They also signed the minutes of the session.
Saudi Gazette
06-03-2025
- Business
- Saudi Gazette
Saudi Arabia and Morocco emphasize keenness on strengthening cooperation across various realms
Saudi Gazette report MAKKAH — The 14th session of the Saudi-Moroccan Joint Committee, held in Makkah on Wednesday, emphasized its commitment to strengthening bilateral cooperation between the two countries across various fields so as to further elevate their strong relations. Saudi Minister of Foreign Affairs Prince Faisal bin Farhan and Moroccan Minister of Foreign Affairs, African Cooperation and Moroccan Expatriates Nasser Bourita co-chaired the meeting, attended by senior officials from ministries, government agencies, and private sector institutions from both sides. The convening of the meeting reaffirmed the strong ties between Saudi Arabia and Morocco and aimed to boost cooperation in all areas of common interest. Both sides expressed satisfaction with the distinguished level of relations between the two countries and praised the efforts of the entities involved in the committee's work to meet the aspirations of both leaderships. The two sides signed a joint customs cooperation agreement for mutual recognition of the Authorized Economic Operator program and a memorandum of understanding in the field of environmental protection and sustainable development. The meeting was attended by Deputy Minister of Foreign Affairs for Political Affairs Dr. Saud Al-Sati, Saudi Ambassador to Morocco Dr. Sami Al-Saleh, Deputy Governor of the Zakat, Tax and Customs Authority for Operations Affairs Abdullah Al-Sadhan, Deputy Minister of Human Resources and Social Development for International Affairs Dr. Tariq Al-Hamad, CEO of the General Organization for the Conservation of Coral Reefs and Turtles in the Red Sea Dr. Khaled Mohammed Isfahani, and Director General of the Secretariats of Councils and Committees Eng. Fahd Al-Harthi.
Zawya
25-02-2025
- Business
- Zawya
Vivo strengthens local manufacturing in Egypt and unveils latest smartphones with advanced features
vivo's local manufacturing expansion supports the government's plans to increase digital exports to $9 billion by 2026. Cairo – vivo, a global leading technology company specializing in smartphone manufacturing, announces the expansion of its investments and industrial operations in Egypt, alongside the launch of its new locally manufactured Y29 smartphone from its advanced factory in the 10th of Ramadan City. This move aims to strengthen vivo's presence in the Egyptian market, reinforcing its commitment to innovation and local manufacturing in Egypt. This expansion enhances Egypt's position as a regional manufacturing hub, creating 1,500 direct and indirect job opportunities. The factory's production capacity can reach up to 500,000 'Made in Egypt' smartphones per month, contributing to the local economy and boosting the Egyptian market's capabilities. By manufacturing smartphones locally, vivo provides Egyptian consumers with a key competitive advantage, as devices produced within Egypt are exempt from additional taxes, making them more affordably priced without compromising quality or specifications. This initiative aligns with vivo's strategy to deliver cutting-edge technology at accessible prices while enhancing its distribution network and after-sales services, which currently include 11 service centers across the country. Alex Zhan, CEO of vivo Egypt, commented: 'Local manufacturing is more than just an operational expansion; it reflects our deep commitment to the Egyptian market by bringing the latest technologies and innovations that meet consumer aspirations, with a special focus on the youth segment. This expansion is part of an ongoing approach, as we have been developing and producing our smartphones locally since vivo Egypt was established in 2018. Our team consists of over 1,500 employees nationwide, including more than 600 skilled workers. The vivo Egypt factory adheres to the highest quality standards, earning ISO 9001 certification and membership in the Authorized Economic Operator (AEO) program, enhancing supply chain efficiency and transparency.' Islam Adam, Marketing Director at vivo Egypt, added: 'Today's Egyptian consumer seeks a comprehensive experience that goes beyond technical specifications to include manufacturing quality, fast availability, and strong after-sales support. With local manufacturing, we can meet these expectations with greater flexibility while offering more competitive prices thanks to tax exemptions. Additionally, expanding production within Egypt allows us to streamline supply chains and provide faster, more efficient support, strengthening long-term customer trust in our brand. In line with the government's ambitious plans for this sector.' vivo's expansion in local manufacturing aligns with the ICT sector's plans to boost local production and increase digital exports, with the government aiming to raise their value to $9 billion by 2026. This move is part of a broader vision to localize industries and reduce reliance on imports, supporting the goal of increasing Egypt's total exports to over $146 billion by 2030. Local smartphone manufacturing, including the Y29, is a key step toward strengthening Egypt's position as a regional hub for technological industries and advancing the state's plans to raise the ICT sector's contribution to GDP from 5.8% in 2023/2024 to 8% by 2030, reflecting the country's ability to attract foreign investments and drive economic growth. Notably, while the Y29 is not the first vivo smartphone to be locally manufactured, it stands out with several features that make it an ideal choice for users seeking a well-rounded experience. The phone combines a sleek modern design with powerful performance, featuring a Snapdragon 685 processor and a 120Hz display for a smooth visual experience. It also boasts a 6,500mAh battery, ensuring long-lasting usage with a lifespan of up to five years—making it the only phone in its price segment to offer this feature. About vivo vivo is a technology company that creates great products based on a design-driven value, with smart devices and intelligent services as its core. The company aims to build a bridge between humans and the digital world. Through unique creativity, vivo provides users with an increasingly convenient mobile and digital life. Following the company's core values, which include Benfen*, user-orientation, design-driven value, continuous learning and team spirit, vivo has implemented a sustainable development strategy with the vision of developing into a healthier, more sustainable world-class corporation. While bringing together and developing the best local talents to deliver excellence, vivo is supported by a network of R&D centres in Shenzhen, Dongguan, Nanjing, Beijing, Hangzhou, Shanghai and Xi'an, focusing on the development of state-of-the-art consumer technologies, including 5G, artificial intelligence, industrial design, imaging system and other up-and-coming technologies. vivo has also set up an intelligent manufacturing network (including those authorized by vivo), with an annual production capacity of nearly 200 million smartphones. As of now, vivo has branched out its sales network across more than 60 countries and regions and is loved by more than 400 million users worldwide. "Benfen" is a term describing the attitude on doing the right things and doing things right—which is the ideal description of vivo's mission to create value for society.
