Egypt extends export tariffs on raw leather for another year

Trade Minister Amr Nassar has issued a decree to extend tariffs on exports of raw leather for a year starting 2 May, said Amani El Wassal, head of the ministry’s foreign trade and agreements department. The decision sets the tariff on exports of cow or buffalo hide at EGP 250 apiece, while tariffs on goat and sheep skin ranges from EGP 7.5-150. Camel hide is subject to a EGP 150 export levy. The move comes amid efforts by the ministry to ensure a balance between supply and demand and increase value added products, such as shoes.