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#Tariff Increase

As Egypt continues to battle through dire economic conditions, the government has announced an increase in tariff rates on a wide range of imported items, the official Gazette said on Sunday. The decision is seen as the latest effort by authorities to reduce costs on imports as the country struggles through a severe currency crisis. The decree issued by President Abdel Fattah al-Sisi will affect hundreds of commodities such as clothing, shoes, watches, household appliances and dog food. On some…