Egypt to Reduce Import Tariffs on Automobiles from Europe
[2010-11-02 13:34:15]
According to the Agreement reached by and between Egypt and the EU, as from Jan. 1, 2011, Egypt will reduce tariffs by 8% on new automobiles imported from Europe.
The import tariff on automobiles of no more than 1,600cc will be reduced to 32%, while that on automobile of above 1,600cc will be reduced to 108%.
Based on the Free Trade Agreement reached by and between Egypt and the EU, as from 2010, Egypt’s import tariffs on European products will be reduced by 10% each year to zero in 2019.
The import tariff on automobiles of no more than 1,600cc will be reduced to 32%, while that on automobile of above 1,600cc will be reduced to 108%.
Based on the Free Trade Agreement reached by and between Egypt and the EU, as from 2010, Egypt’s import tariffs on European products will be reduced by 10% each year to zero in 2019.
Source: ETCN
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