Egypt: Increasing customs cuts on Egyptian exports to the Mercosur countries from 2 September

Michael Gamal, Director General of Bilateral Agreements at the Ministry of Trade and Industry, said that starting from next September 2, the rates of reductions on Egyptian exports to the Mercosur countries will be increased. The grouping (Brazil-Argentina-Uruguay-Paraguay) is on five lists, the first list, which includes immediate exemption as soon as the agreement enters into force, and includes (agricultural crops - food industries - medicinal plants - engineering goods). Jamal added that the second list includes a gradual reduction to 4 years, while the third list includes a gradual reduction to 8 years, while the fourth list includes a gradual reduction to 10 years, and the fifth list includes a very limited list of sensitive goods. The percentage of customs reduction in the third list will be from 50% to 62%, and it will increase in the fourth list from 40% to 50%, and all lists will become exempt from customs in 2026. He pointed out that the value of trade between Egypt and ...