Egypt Cabinet Raises Custom Tariffs On Some Luxury Goods

Egyptian Cabinet led by Prime Minister Hisham Qandil has approved Wednesday a draft law to increase custom tariffs on “unnecessary goods.”

The draft, proposed by the presidency, includes items such as boats, watches and sunglasses, as well as certain food items such as shrimps and nuts.

A detailed list of the new tariffs is yet to be provided by the Cabinet.

Ahram