Egypt Considers Imposing Duty on Textile Imports, Al Mal Reports

Egypt’s Ministry of Trade and Industry may levy customs duties on textile imports after receiving a complaint from the state-owned Holding Co. for Spinning & Weaving, Al Mal reported.

The ministry’s anti-dumping group will finish studying the complaint in two days, the newspaper said, citing Ali Abdel Ghafar, who heads the group. An import duty could be imposed in a month if it is found that companies exporting to Egypt are hurting local producers by charging dumping prices, Al Mal said.

To contact the reporter on this story: Ahmed A Namatalla in Cairo at anamatalla@bloomberg.net

To contact the editor responsible for this story: Mahmoud Kassem at mkassem1@bloomberg.net

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