The Trade and Industry Ministry will keep in place 55-74% anti-dumping duties on synthetic fiber blankets imported from China until August 2025, according to a ministry statement (pdf). The five-year renewal came after members of the Federation of Egyptian Industries requested the ministry refrain from lifting the tariffs, saying that doing so would result in the products being dumped in the Egyptian market again. The ministry will also launch a probe to impose protective tariffs on Turkish synthetic carpets, it said yesterday.
More from Enterprise
Israel’s Arkia Airlines moves flights to Egypt’s Taba to bypass wartime airspace restrictions
Israel’s Arkia shifts some flights to Egypt as airspace tightens…
Miga guarantee unlocks USD 313 mn for National Bank of Egypt trade finance
Plus: Incolease taps securitization market with debut EGP 2 bn…
Private capital hasn’t frozen in MENA — but the exit playbook could change if the war drags on
PE and VC-backed companies were already pivoting to local exchanges…
Telda moves into investing with zero-fee stock trading
Telda claims users can sell a position and immediately spend…