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Fees imposed by Egypt on stone exports

: Wednesday, July 23 - 2014 @ 06:56

Egypt’s Customs Authority has said it would impose export fees on the raw materials of marble, granite and sands, as ordered by the state’s trade ministry, in an attempt to optimise the added-value of their finished products, Ahram has reported. The decision also includes placing a ban on exporting mineral raw materials quartz, talc, manganese and feldspar. “The imposed fees aim at reducing the exports of these products but we have yet to calculate the expected revenues as we will wait for the exporters reactions,” Magdy Abdel Aziz, the head of the central department at the cargo customs section of Cairo airport, told the daily. “I don’t think fees will spook exporters from their business, they aren’t too high,” he said.

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Wednesday, July 23- 2014 @ 6:56 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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