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Egypt cancels temporary tariff on sugar imports – trade ministry

Egypt is cancelling a temporary tariff levied on sugar imports in 2015 after completing an investigation into possible dumping of the commodity, the ministry of trade said on Tuesday.

Egypt said in April it would impose a minimum tariff of 700 Egyptian pounds per tonne on white sugar while the government investigated an influx of imports that had cost the Egyptian industry about 1 billion Egyptian pounds ($128 million).

($1 = 7.8300 Egyptian pounds)

(Reuters)

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