Customs Authority finalizes customs tariffs categories under Mercosur FTA

The Customs Authority has finalized the customs tariffs rates under the Mercosur freetrade agreement, which came into effect last month, Al Masry Al Youm reports. The authority has also divided commodities into five groups that will gradually become customs-exempt over the course of 10 years. Customs exemptions on “strategic commodities” will be determined by a joint Egypt-Mercosur committee. No details were provided on the commodities in each of the groups.