ANNOUNCEMENT 20 Feb 2013

In February 2013, the government of Egypt announced a change in financial export support.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 1 neutral
  • 0 liberalising
Inception date: No inception date

Export subsidy

On 20 February 2013, the Minister of Trade and Investments presented to the council of exports a set of new rules to increase export subsidies to an amount of EGP4 billion (USD593 million) in FY 2013/14, from an amount of EGP3.1 billion (USD459.65 million) allocated in FY2012/13. Moreover, the draft proposes to oblige exporters to deposit their foreign currency proceeds in Egyptian banks and convert them into local currency.

AFFECTED SECTORS

 
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AFFECTED PRODUCTS

 
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