IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: No inception date

Import tariff

On 14 February 2012, the Egyptian cabinet approved a draft proposal to raise import duties on 100 luxury items; among other in the following categories: watches, boats, shrimps and sunglasses. The increase aims at rationalizing the use of foreign currency in an effort to stop the dwindling of Egypt's ever decreasing foreign currency reserves. Earlier in the same month, the Central Bank Governor already instructed local banks to give priority access to foreign currency to importers of basic goods.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

212 Prepared & preserved fish, crustaceans, molluscs
0306 Crustaceans, whether in shell or not, live, fresh, chilled, frozen, dried, salted or in brine; smoked crustaceans, whether in shell or not, whether or not cooked before or during the smoking process; crustaceans, in shell, cooked by steaming or by boiling
030616 Coldwater shrimps and prawns (Pandalus spp., Crangon crangon)
030617 Other shrimps and prawns
1605 Crustaceans, molluscs and other aquatic invertebrates, prepared or preserved.
160529 Other
483 Optical instruments & photographic equipment; parts thereof
9004 Spectacles, goggles and the like, corrective, protective or other.
900410 Sunglasses
484 Watches & clocks; parts
9102 Wristwatches, pocketwatches and other watches, including stopwatches, other than those of heading 91.01.
910211 With mechanical display only
910219 Other
910229 Other
910299 Other
9107 Time switches with clock or watch movement or with synchronous motor.
910700 Time switches with clock or watch movement or with synchronous motor.
493 Ships
8901 Cruise ships, excursion boats, ferryboats, cargo ships, barges and similar vessels for the transport of persons or goods.
890190 Other vessels for the transport of goods and other vessels for the transport of both persons and goods
494 Pleasure & sporting boats
8903 Yachts and other vessels for pleasure or sports; rowing boats and canoes.
890392 Motorboats, other than outboard motorboats
890399 Other

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