Some exporters will get tax breaks instead of cash payment of export subsidies. That’s the key takeaway from a Trade Ministry statement (pdf) issued after a meeting between ministry officials and representatives of Egypt’s export councils. The proposal, part of a bit to prompt the ministry to make good on overdue export subsidy payments, will next be taken up at a meeting of the Export Subsidy Fund in the second half of June. Manufacturers claim to be owed bns in overdue export subsidy payments.

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