East-West Trade Trends: Mutual Defense Assistance Control Act of 1951 (the Battle Act); Fourth Report to Congress, Second Half of 1953United States. Foreign Operations Administration
History
East-West Trade Trends: Mutual Defense Assistance Control Act of 1951 (the Battle Act); Fourth Report to Congress, Second Half of 1953
United States. Foreign Operations Administration
Military assistance; Mutual security program, 1951-; United States -- Commercial policy
Application for imports are submitted to the Controller General of
Imports, Ministry of Finance. Exports are subject to export regulations
which are divided into three main categories: (a) goods that may not be
exported; (b) goods that can be exported freely, through the Customs,
without the need of an export license, and (c) goods that should be
covered by a license. The Import and Export Committee is the main
authority entrusted with the formulation of decisions governing exports
and imports. This Committee is under the Secretaries for Finance,
Commerce and Industry, Supplies, Agriculture, War, the Director General
of Exchange Control, the Director General of Cotton Affairs of the
Ministry of Finance, the Controllers General of Exports and Imports,
and the Director General of Customs.
Transit Controls
There are no special licensing requirements or controls on goods in
transit other than the ordinary customs supervision.
Financial Controls
Foreign exchange is under official control. The basic regulation
requires all foreign exchange earnings to be repatriated to Egypt
within 6 months after the shipping date of the goods. The law requires
that all dollar holdings or payments received by Egyptian nationals or
foreigners residing in Egypt be reported to the Egyptian Government and
converted into Egyptian currency at the official rate unless they are
the proceeds of cotton yarn and cloth or raw cotton exports in which
cases 100 percent or 75 percent, respectively, of the dollars may be
retained for up to 210 days in an "import entitlement" account usable
to buy certain listed essential and semiessential commodities.
FRANCE
License Requirements
Export licenses are required for over one-half the commodities
identified in the French tariff nomenclature. Governmental authority of
this control is contained in various decrees, the latest dated November
30, 1944. These decrees also permit addition to or removal from the
list of controlled commodities merely by publication of a notice in
the _Journal Officiel_. The most recent list of these commodities,
published as a codification of all previous lists, appeared in _Journal
Officiel_ No. 156 of July 5, 1953.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account