EGYPT: Decisions concerning the exempting of imported Yarns from Customs.
Decisions will be taken concerning the removing of customs on imported yarns from abroad which is estimated to be about 5 % and opening new markets for importing and increasing the subsidy given to the exporters of Spinning and Weaving and Ready- Made Garments who use the Egyptian Yarns.
This will lead to deepening the Egyptian Industry in that sector, in addition to that, giving the priority for selling the Egyptian Cotton for the producers.
The Ministry of Trade and Industry has agreed on supporting the arrears of yarns on the last 10 months
Source: Al Masaa Newspaper
From the Egytex news archive, first published on 24 October 2010. Figures and names are as reported at the time.