Egypt's textile industry confronts global crisis with safeguards on yarn and fabric imports
Egypt has recently applied safeguards on all imports of yarn and fabrics to support the Egyptian textile industry. The applied safeguards are due to the massive surge of imports in 2007.
Egytex News Desk
Egytex
The applied safeguards which will be valid until January 2010 will reach 25% of FOB value invoices of imported cotton and cotton blended yarn or 0.5US/cents for every imported KG of yarn. Meanwhile, safeguards have also been applied on imported cotton and cotton blended fabrics that will reach 25% of FOB value invoices or 1 USD for every KG of imported fabric. The applied safeguards are expected to dramatically decrease imports of Asian origin yarn and fabrics.
From the Egytex news archive, first published on 12 February 2009. Figures and names are as reported at the time.
