IMPLEMENTATION LEVEL
NationalAFFECTED FLOW
InflowANNOUNCED AS TEMPORARY
NoNON-TRADE-RELATED RATIONALE
NoELIGIBLE FIRMS
allJUMBO
NoTARIFF PEAK
NoGovernment is to disburse LE280 million to support 120 local spinning and weaving factories. The funds are to support local producers due to inadequate supply of yarn and the increase in global prices.
Also, textiles are exempt from customs duties until 31 March 2011 while subsidies to textile exporters using local raw materials will be increased by 50%.
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