Home / Knowledge / News / Textiles / Egypt pulls back precautionary fee levied on cotton yarn
Egypt pulls back precautionary fee levied on cotton yarn
Aug '10
In January 2009, the Arab Republic of Egypt imposed a temporary precautionary fee of 25 percent of CIF value on cotton yarn, fabric and sugar imports.

The minimum fee was $0.5 on every kilogram of cotton textile and $1 for every kilogram of processed sugar. This fee was imposed as a temporary precautionary step on January 16, 2009, for a one year time period by decrees Nos. 19, 20 and 21 of the Minister of Trade and Industry of the Arab Republic of Egypt.

Immediately on receipt of this information, Government of India opposed the preventive fee levied by Arab Republic of Egypt, as Egypt had surpassed the bound rates, which were laid down by the World Trade Organisation (WTO).

Later, Indian Ministry of Commerce took up the matter with the Egyptian officials on imposition of this fee summing to 25 percent on CIF value of the products, which was levied in addition to the 5 percent import duty on cotton and mixed yarn and 10 percent import duty on cotton and mixed woven fabrics.

Apart from being India's top importer, exports of Indian cotton yarn to Egypt is ranked as a very important part and is number one in Egypt's list of commodities that are imported. A fee of 25 percent of CIF value, over other taxes and duties, which were levied by Egypt, would adversely effect on the Indian textile export sector, which was already crippled by the world economic downturn.

Hence, owing to continuous efforts made by the Indian Department of Commerce, Ministry of Textiles and other export promotion bodies, Arab Republic of Egypt withdrew the aforesaid fee with effect from April 8, 2009. India thereafter, thanked Egypt for their prompt action.

Fibre2Fashion News Desk - India

Must ReadView All

Textiles | On 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 29th Apr 2017

EU rules needed to curb textile worker exploitation: MEPs

European Union (EU) rules are needed to oblige textile and clothing...

Apparel/Garments | On 29th Apr 2017

US retail operating growth to be 1.5-2.5% in 2017: Moody's

The forecast for operating income growth in the US over the next 12...

Interviews View All

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search