CAIRO: Egypt imposed an anti-dumping tariff on Chinese synthetic fiber blankets of between 54 and 77 percent for five years, Youm7 reported Wednesday.
Minister of Trade and Industry Mounir Fakhry Abdel Nour issued a final decision imposing the tariff after the Anti-Dumping Authority received complaints stating that these blankets are being sold in the market with dumping prices, according to the Daily News Egypt Tuesday.
“The decision was issued after investigation proved that domestic industry is being damaged resembled in Federation of Egyptian Industries, Misr Spain Co. for Blankets and Textiles and Santamora Egypt Co. for Blankets, which production resembles 63.5 percent of the total domestic production,” Youm7 added.
In April, Abdel Nour imposed an eight percent anti-dumping tariff on each ton of imported steel (around 408 EGP, or $53/ton) for three years steel to protect national production, MENA reported.
The 8 percent tariff will be levied for a maximum period of three years, and to be slashed gradually from 408 EGP/ton to 175 EGP/ton until domestic steel manufacturers implement plans to allow them to meet increasing demand, Abdel Nour told reporters.
Local steelmakers have also complained of increasing imports from Turkey, the world’s top exporter of reinforced steel, as a ton is imported for $435, while homemade steel is sold at $668/ton.
Also in the same month a 20-percent import duty was imposed on white sugar ($89.4/ton) for 200 days “to protect the interests of sugar mills and growers of sugar cane and sugar beets,” according to Al-Ahram.