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Global Trade Alert

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Egypt: 280million Egyptian pounds support for the textile industry, increase in subsidies to local exporters and exemption from customs duties

Description

Government is to disburse LE280 million to support 120 local spinning and weaving factories. The funds are to support local producers due to inadequate supply of yarn and the increase in global prices...

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Intervention Details

Intervention Type

Local content incentive

MAST Chapter

I: Trade-related investment measures

Implementation date

01 Nov 2010

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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