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MTI cuts customs duties on 6,900 goods exported to Mercosur
1 September 2021  -  Sector :  -  Entity :  -  Category : Trade News

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The cuts include reductions of 62.5% and 50% on Category C and D goods which amount to 3,400 items 3,500 respectively.

Cairo- Sep 1, 2020

Minister of Trade and Industry Nevine Gamea has announced a tariff reduction, as of September 2, on a total of 6,900 Egyptian goods exported to the countries of the Mercosur, including: Brazil, Argentina, Uruguay and Paraguay.

"The move is another of a range of facilitation procedures taken under the Mercosur preferential free trade agreement (FTA)," Gamea said, noting that the ministry fully exempted about 600 goods in September 2020.

Ibrahim al-Segginy, head of the Trade Agreements Sector, pointed out that the cuts include reductions of 62.5% and 50% on Category C and D goods which amount to 3,400 items 3,500 respectively.

Key items in Category C and D of the agreement include: textiles, engineering goods, glass and crystal, he added.

Since the agreement came into effect in September 2017, Egypt's exports to Mercosur have significantly increased, jumping 115% to $396 million last year, up from $184 million in 2017.

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