Egypt to delay customs tariff cut on EU-imported cars to next year

Egypt has reportedly received the EU’s blessing to postpone a measure that would have seen customs on cars imported from the EU slashed by 10% as of the start of 2018, Trade and Industry Ministry official Said Abd Allah tells Al Mal. The tariff cut will be delayed until next year. Egypt is obliged to lower customs on cars imported from the EU by an annual rate of 10% under a freetrade agreement.