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Egypt imposes $101 per tonne sugar export tax

CAIRO, May 19, 2016

Egypt has imposed an E£900 ($101.35) per tonne tax on exported sugar effective until the end of the year.

The decision was published in Egypt's legal journal and came into effect on Wednesday.

Egypt cancelled a temporary tariff levied on sugar imports in February after completing an investigation into possible dumping of the commodity.

It had imposed the 20 per cent tariff in 2015 for 200 days following a filing to the World Trade Organisation to safeguard domestic producers from a damaging surge in imports.

Egypt consumes around 3.2 million tonnes of sugar annually but produces just over 2 million tonnes. - Reuters

Tags: | Egypt | Sugar |

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