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Parliament awaits new customs draft law for discussion

The State Council will complete within days reviewing the customs draft law, in preparation for sending it to the House of Representatives for discussion and approval, head of the Egyptian Customs Authority, Kamal Negm, said on Wednesday. Negm said the current law No. 66 was issued in 1963 and is no longer consistent with the …

Nevine Kamel

Experiencing new challenges

Starting 2019, all European-manufactured vehicles have become duty-free after applying the last phase of duties’ exemption in accordance with the Egypt-EU Association Agreement which caused a notable decrease in vehicle prices ranging from 8% to 15%. Customers in the Egyptian market had high expectations that this step will push car dealers to significantly reduce prices …

Daily News Egypt