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GASC has been
established by the republican decree No 1189/1968 and to be affiliated to
the |
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Ministry Of
Supply And Home Trade and its headquarter has been Cairo. |
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The main reason for
establishing this economic body has been to overcome the crises arising in
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the Egyptian market during
the period of 1967 and the subsequent years, and that was by |
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commissioning that task of
supplying into a financially and administratively independent entity. |
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The role played by GASC in
procuring the essential commodities has been developed since then and
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has been risen up to
reach the supply of 50 commodities during the period of seventies. |
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The growing participation
of the private sector, commissioned by the state, to meet the needs of
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fundamental goods led to
the dwindling of commodities number during the mid-eighties and the start
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of nineties. The number
diminished to only four commodities, They are wheat, sugar, oil and tea. This
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status is still maintained
up to this moment without change. |
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According to decisions No
364 and 626/ 1984, GASC has entrusted the General Company For Silos |
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And Warehousing to perform
all the tasks relating to customs clearance, unloading and loading to
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silos within the state. |
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By virtue of decision no
420/2005, GASC has been recently affiliated administratively to the |
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Ministry Of Trade And
Industry. |
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