1 Day
Source:
بوابة الشروق
Medhat Nafea warns on steel fee impact
The article features a commentary by Dr. Medhat Nafea, Professor of Economics, on the decision to impose tariffs on billet imports in Egypt. He pointed out that such protective measures should be temporary and their impact carefully assessed on the steel industry. He explained that adding tariffs of up to 4,000 Egyptian pounds could lead to increased production costs and reduced competitiveness, especially since Egypt relies on importing billets from Ukraine and Russia. He emphasized that the need for imports remains despite the country's major development projects, and that the goal of protectionist policies is to strengthen the national industry without weakening competitiveness or increasing costs in a way that harms consumers and markets.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)