Sunday 18 November 2018

Egypt scraps emergency sugar tariff

Geneva, September 4, 2013

Egypt has scrapped emergency import tariffs on raw and white sugar, it said in a filing to the World Trade Organization.

Egypt said in December it had imposed a "provisional safeguard measure" of 17 per cent of the CIF value of raw sugar imports, or a minimum of 591 Egyptian pounds ($84.61) per tonne, and 20 per cent on white sugar, or a minimum of 713 pounds per tonne.

Such temporary emergency tariffs are allowed under WTO rules if a country can show a threat of serious damage to its domestic industry from an unexpected flood of imports.

But in its latest filing, posted on the WTO's website on Tuesday, Egypt said it had decided the tariff was not justified under the rules.

"The injury suffered by the domestic industry is not due to the increased imports but due to other causes of injury," it said. - Reuters

Tags: Egypt | Sugar | import | Tariff |

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