Is the gov’t banning exports of raw materials?

Is the gov’t banning exports of raw goods? The government is currently looking to ban exports of raw materials in order to maximize their use in the value chains here at home, Trade and Industry Minister Amr Nassar said. Raw materials which have not undergone any type of processing will not be exported, Nassar told the ministry’s various export councils at a meeting to discuss the nation’s trade strategy. Nassar was not clear on whether this ban will take the form an outright prohibition or will the ministry simply disincentivize exporters. The Ismail Cabinet had put in place and extended export tariffs on several raw goods including raw and scrap copper and aluminum. Nassar was also unclear on the type of goods which will be banned.