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: 01 Nov 2010 | Removal date: open ended
Still in force

Financial grant

Government 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%.
 
 

AFFECTED COUNTRIES

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