Egypt may cut cement tariffs

Egypt may cut cement tariffs
Published: 21 May 2007


Egypt may reduce its tariffs on steel and cement exports later in the year due to an anticipated softening in prices, according to Trade Minister Rachid Mohammed Rachid and cited by Reuters. The government introduced the taxes in February because of rising domestic prices and to stop foreign buyers taking advantage of Egyptian subsidies. There is a charge of US$11.4 per tonne of cement exported, and US$34.1 per tonne of steel.