Egypt to Charge Anti-Dumping Duty on Chinese, Indian Tyres

Egypt’s government is the latest to introduce a duty to deter the dumping of cheap tyres into its market. A so-called dumping duty, which will remain in place for the next five years, is to be levied on all new bus and truck tyres imported from China or India. According to the Egyptian MENA state news agency, the national Trade and Industry minister Rachid Mohamed Rachid imposed the duty as a means of encouraging investment in the domestic production of this type of tyre and to create new jobs in the sector. Mr. Rachid added that an Egyptian-Chinese joint venture producing automotive industry components would be up and running near Cairo within the next 12 to 18 months.

The news agency did not indicate how much duty would be charged.