The Egyptian State News Agency recently announced that the Egyptian government will impose anti-dumping duties on the tires of buses and trucks originating in China and India in the next five years, but it has not specified the tax rate.
The news agency stated that the purpose of the Minister of Trade and Industry of Egypt to impose anti-dumping duties on this product is to encourage investment in the tire industry, achieve its own production, and create job opportunities for the industry. He said that within a year to a year and a half, a joint Sino-Egyptian industrial zone located in the west of Cairo will start producing all parts of the automotive industry.
The news agency stated that the purpose of the Minister of Trade and Industry of Egypt to impose anti-dumping duties on this product is to encourage investment in the tire industry, achieve its own production, and create job opportunities for the industry. He said that within a year to a year and a half, a joint Sino-Egyptian industrial zone located in the west of Cairo will start producing all parts of the automotive industry.
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