Global Trade Alert
Global Trade Alert

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

Announcement

01 Nov 2010

In November 2010, the government of Egypt announced a change in private-sector financial support.

Source

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

2 in force

Implementation date

01 Nov 2010

Revocation date:

No revocation date

Financial grant In force

Government is to disburse LE280 million (USD 51 million) to support 120 local spinning and weaving factories. The funds are to support local producers due to inadequate supply of yarn and the increas...

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Local content incentive In force

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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