28 January 2022 04:31 AM

Gamea: Imposing anti-dumping duty on imports of PVC

Monday، 06 December 2021 - 10:59 PM
Trade and Industry Minister Nivene Gamea

Trade and Industry Minister Nivene Gamea issued a decision on imposing anti-dumping duty of 9% of the cost, insurance and freight (CIF) for Egyptian imports of Polyvinyl chloride (PVC) exported from the United States.

Assistant Trade Minister for Economic Affairs Ibrahim el-Sigini said that the decision was taken upon a recommendation made by an advisory committee after studying a complaint lodged by the local industry.

An anti-dumping duty is a protectionist tariff that a domestic government imposes on foreign imports that it believes are priced below fair market value.

In the long-term, anti-dumping duties can reduce the international competition of domestic companies producing similar goods.


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