It said that the new tariffs mostly amounted to about 50 percent increases on previous levels and would raise customs revenues by 6 billion Egyptian pounds ($339 million) a year, assuming imports remain at current volumes.
Govt sharply increases customs duties as it seeks to curb imports
It said that the new tariffs mostly amounted to about 50 percent increases on previous levels and would raise customs revenues by 6bn Egyptian pounds.
The headquarters of the Ministry of Finance is pictured in Cairo, Egypt August 4, 2016. REUTERS/Amr Abdallah Dalsh
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A list of new tariffs shows significant increases on imports of various fruits, deodorant and cosmetics as well as a wide range of consumer goods including carpets, fans and microwave ovens.
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