{"id":561619,"date":"2021-04-14T03:43:30","date_gmt":"2021-04-14T03:43:30","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/14\/govt-introduces-aluminum-tariffs-for-three-years\/"},"modified":"2021-04-14T03:43:30","modified_gmt":"2021-04-14T03:43:30","slug":"govt-introduces-aluminum-tariffs-for-three-years","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/14\/govt-introduces-aluminum-tariffs-for-three-years\/","title":{"rendered":"Gov\u2019t introduces aluminum tariffs for three years"},"content":{"rendered":"<p><a id=\"tldr-story-05\" class=\"content-anchor\"><\/a> <strong>All aluminum products will face additional import duties <\/strong><strong>for a three-year period<\/strong>, Trade and Industry Minister Nevine Gamea said in <a href=\"https:\/\/www.facebook.com\/mift.media\/photos\/a.422829607785846\/3860357314033041\/\">a statement<\/a> yesterday. A 16.5% tariff of the CIF (cost, ins. and freight) value of imported aluminum moulds, cylinders and wire with a minimum value of USD 333 per tonne will be applied for the first year. The duty will be reduced by 3% for each of the following two years, reaching a minimum value of USD 211 per tonne by the third year, Gamea said.<\/p>\n<p><strong>Other things we\u2019re keeping an eye on this morning:<\/strong><\/p>\n<ul>\n<li><strong>Amazon Payment Services<\/strong> is <a href=\"https:\/\/pages.amazonpaymentservices.com\/Twtr-2021-04-13-CBE-Zero_Fee_Campaign_01-RegistrationPage-Eng.html\">waiving service fees<\/a> for businesses in Egypt who ink an agreement before the end of June. The announcement does not make clear when the waiver would come to an end.<\/li>\n<li><strong>Vodafone<\/strong> <a href=\"https:\/\/bit.ly\/3gcKujf\">is in talks<\/a> to operate the new administrative capital\u2019s planned <strong>5G network<\/strong>, and has submitted proposals to the National Telecom Regulatory Authority.<\/li>\n<li><strong>Wizz Air Abu Dhabi<\/strong> will <a href=\"https:\/\/english.alarabiya.net\/News\/gulf\/2021\/04\/13\/Wizz-Air-Abu-Dhabi-adds-three-new-routes-to-Serbia-and-Egypt-#:~:text=Serbia%20and%20Egypt-,Wizz%20Air%27s%20new%20Abu%20Dhabi%2Dbased%20joint%20venture%20airline%20has,cities%20of%20Sohag%20and%20Luxor\">begin operating four flights a week<\/a> <strong>from the UAE to <\/strong><strong>Luxor and Sohag<\/strong> next month. Flights from the UAE to Sohag will run Wednesdays and Saturdays starting 29 May and flights to Luxor will begin operating every Monday and Friday on 4 June, and Tuesdays and Saturdays from 15 June.<\/li>\n<li>Real estate developer <strong>Inertia<\/strong> <a href=\"https:\/\/almalnews.com\/%D8%A8%D9%86%D9%83-%D9%85%D8%B5%D8%B1-%D9%8A%D9%85%D9%86%D8%AD-%D8%AA%D9%85%D9%88%D9%8A%D9%84%D9%8B%D8%A7-%D8%A5%D8%B3%D9%84%D8%A7%D9%85%D9%8A%D9%8B%D8%A7-%D8%A8%D9%82%D9%8A%D9%85%D8%A9-1-1-%D9%85\/\">will borrow<\/a> EGP 1.1 bn in Islamic financing from <strong>Banque Misr<\/strong> to finance construction works for the fourth phase of its flagship <a href=\"https:\/\/www.inertiaegypt.com\/developments\/residential\/jefaira\/\">Jefaira North Coast<\/a> project.<\/li>\n<li><strong>Banque Misr will provide electronic collection services to the <\/strong><strong>Petroleum <\/strong><strong>Commercial Services Company (<\/strong><strong><a href=\"http:\/\/petrotrade\">Petrotrade<\/a><\/strong><strong>)<\/strong>, which processes more than 70% of the country\u2019s gas bill payments, <a href=\"https:\/\/bit.ly\/3s4ULjv\">Al Mal<\/a>reports, citing a statement from the bank.<\/li>\n<li>The Dostour Party\u2019s former spokesperson <strong>Khaled Dawoud has been <\/strong><strong><a href=\"https:\/\/bit.ly\/3e154A3\">released<\/a><\/strong><strong><a href=\"https:\/\/bit.ly\/3e154A3\">from pre-trial detention<\/a><\/strong> \u2014 where he has been held since 2019 on charges of reporting fake news \u2014 pending further investigation.<\/li>\n<li>The <strong>Court of Cassation<\/strong> has <a href=\"https:\/\/bit.ly\/32o2YVT\">upheld<\/a> <strong>death sentences<\/strong> for four defendants and the imprisonment of 14 others who were found guilty of killing eight members of the police service in Helwan in <a href=\"https:\/\/enterprise.press\/stories\/2016\/05\/08\/eight-members-of-police-service-gunned-down-in-helwan\/\">2016<\/a>.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>All aluminum products will face additional import duties for a three-year period, Trade and Industry Minister Nevine Gamea said in a statement yesterday. A 16.5% tariff of the CIF (cost, ins. and freight) value of imported aluminum moulds, cylinders and wire with a minimum value of USD 333 per tonne will be applied for the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7209],"tags":[111,72,3929,331,69,132,234],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-561619","post","type-post","status-publish","format-standard","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-enterpriseam","tag-khaled-dawoud","tag-nevine-gamea","tag-tax","tag-trade","tag-travel","wpautop","entry"],"acf":{"mongo_id":"cbfec2c2-64ef-49fc-a8b2-6904ca4e0ddd","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[561606],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Gov\u2019t introduces aluminum tariffs for three years - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/14\/govt-introduces-aluminum-tariffs-for-three-years\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gov\u2019t introduces aluminum tariffs for three years\" \/>\n<meta property=\"og:description\" content=\"All aluminum products will face additional import duties for a three-year period, Trade and Industry Minister Nevine Gamea said in a statement yesterday. A 16.5% tariff of the CIF (cost, ins. and freight) value of imported aluminum moulds, cylinders and wire with a minimum value of USD 333 per tonne will be applied for the [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/14\/govt-introduces-aluminum-tariffs-for-three-years\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-14T03:43:30+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/14\/govt-introduces-aluminum-tariffs-for-three-years\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/14\/govt-introduces-aluminum-tariffs-for-three-years\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Gov\u2019t introduces aluminum tariffs for three years\",\"datePublished\":\"2021-04-14T03:43:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/14\/govt-introduces-aluminum-tariffs-for-three-years\/\"},\"wordCount\":332,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"ALSO ON OUR RADAR\",\"EnterpriseAM\",\"Khaled Dawoud\",\"Nevine Gamea\",\"tax\",\"trade\",\"travel\"],\"articleSection\":[\"Also on our Radar\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/14\/govt-introduces-aluminum-tariffs-for-three-years\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/14\/govt-introduces-aluminum-tariffs-for-three-years\/\",\"name\":\"Gov\u2019t introduces aluminum tariffs for three years - 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The authority is looking to expand its funding of ventures such as financial leasing companies, according to Gamea, who did\u2026","rel":"","context":"In &quot;Diplomacy + Foreign Trade&quot;","block_context":{"text":"Diplomacy + Foreign Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/diplomacy-foreign-trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":559409,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/20\/2020-was-a-surprisingly-good-year-for-our-non-oil-trade-balance\/","url_meta":{"origin":561619,"position":1},"title":"2020 was a surprisingly good year for our non-oil trade balance","author":"enterpriseam admin","date":"20 January 2021","format":false,"excerpt":"A slowdown in imports during the pandemic helped narrow Egypt\u2019s non-oil trade deficit by 17% y-o-y in 2020, falling to USD 38.3 bn in 2020 from USD 46.2 bn in 2019, Trade Minister Nevine Gamea said in a statement. 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We had noted last month that the government had approached\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":624314,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/05\/afdb-to-disburse-usd-500-mn-loan-tranche-in-coming-days\/","url_meta":{"origin":561619,"position":3},"title":"AfDB to disburse USD 500 mn loan tranche in coming days","author":"enterpriseam admin","date":"5 September 2018","format":false,"excerpt":"AfDB to disburse third USD 500 mn tranche of loan: Speaking of foreign borrowing, Egypt can expect receipt within days of a third and final USD 500 mn tranche of a USD 1.5 bn loan from the African Development Bank (AfDB), the bank\u2019s country manager for Egyopt, Malinne Blomberg, said\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":623142,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/22\/sahar-nasr-negotiating-with-wb-over-usd-200-mn-loan-for-smes\/","url_meta":{"origin":561619,"position":4},"title":"Sahar Nasr negotiating with WB over USD 200 mn loan for SMEs","author":"enterpriseam admin","date":"22 October 2018","format":false,"excerpt":"Egypt is in talks with the World Bank for a USD 200 mn loan to fund SMEs and youth-led businesses, Investment and International Cooperation Minister Sahar Nasr said yesterday, according to Al Mal. 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