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Finance ministry studies amending US dollar price for customs tariffs

Finance ministry studies amending US dollar price for customs tariffs
Ministry of finance studies amending US dollar price for customs tariffs

Cairo – Mubasher: Ministry of Finance studies whether there is a current need to amend the US dollar price for customs tariffs or not due to the recent changes witnessed by the exchange rate of USD – EGP, said Minister of Finance, Amr EL-Garhy.

“The cabinet nears finishing the amendments of the customs law in order to pass it to the parliament to approve it,” added EL-Garhy.

The government has exempted number of strategic goods from the customs tariffs, noted EL – Garhy.

On other hands, EL – Garhy pointed out that the government currently differentiates between offering US dollar dominated bonds either by end of November 2016 or by waiting until the middle of next January. The timing of offering the bonds depends of the global markets conditions.