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Govt sharply increases customs duties as it seeks to curb imports
The headquarters of the Ministry of Finance is pictured in Cairo, Egypt August 4, 2016. REUTERS/Amr Abdallah Dalsh
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.
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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.
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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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