The recent decree [No 25 of 2016] of President Abdel-Fattah al-Sisi to raise customs tariffs on hundreds of imported luxury goods which have a local substitute has led to both controversy and apprehension in the Egyptian market.
The decision has been hailed by many economists and analysts as a
positive step towards reviving the ailing economy, especially in decreasing the
budget deficit and supporting national industry. But the Division of Importers
at the Cairo Chamber of Commerce is harshly critical of the decree which they
claim will only cause price rises... for more information /
en.wataninet
en.wataninet
