#import tariffs
Import tariffs increases would boost customs revenues by EGP 6 billion a year, if imports remained at current volumes, Egypt’s finance ministry said in a statement on Sunday. Egypt imposed on Thursday an increase on customs duties on 320 goods, to 60 percent for many items. The decision aims to encourage domestic production and reduce imports, according to the finance ministry. However, goods from the EU, the Arab region, Turkey, and some African states will be excluded from the new custom…
