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Decree Updating Customs and Fees
Interim President Ahmed El Sherif issued a decree to amend the customs tariff schedule, which included lowering duties on wind energy equipment and gear, such as gearboxes, electric generators, and electrical assembly parts. The decree also reduced tariffs on high-consumption medical and electrical X-ray devices. Additionally, the adjustments covered a reduction in duties on industrial materials like glass and steel, aiming to encourage imports and stimulate the energy and technology sectors. The decree seeks to support renewable energy projects and facilitate the importation of medical and industrial equipment by decreasing customs costs.
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