Pursuits
From Pet Food to Nuts: Egypt Raises Customs Levy on Imports
- Government raised tarrifs by more than 100% on some items
- Affected goods include household appliances, clothing
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Egypt has raised tariffs on a range of imported items from pet foods to nuts and watches as authorities seek to reduce the country’s import bill to save dollars.
The presidential decree published in the official Gazette on Sunday affects hundreds of items such as household appliances, clothing, shoes, watches as well as food for dogs and cats. Customs tariffs were raised by as much as 100 percent on items such as some fruits and nuts, while duties on other goods were increased between 25 percent and 50 percent.