Egypt’s Trade and Industry Minister Mounir Fakhry Abdel Nour decided on Saturday to extend the application of the definitive anti-dumping fees on Indian and Chinese rubber tires for five years.
The decision came in response to a request from local industrialists to protect local industry by continuing to extend duties on imports from China and India, which enter the Egyptian market at low prices that might in return cause deterioration in the domestic market.
In this regard, Ibrahim El-Seginy – Head of Anti-Dumping, Subsidy and Safeguard Department – stated that the extension decree followed Egypt imposing definitive anti-dumping measures on Indian and Chinese imports of bus and truck tires to ensure no harm to domestic production from more imports.
The Egyptian official further said the decree comes in accordance with the provisions of Law No. 161 of the year 1998 concerning the Protection of the National Economy from the Injurious Effects of Unfair Practices in International Trade.
