Egypt's Exports to Brazil Surge 74 Percent in 3 years

Published September 10th, 2020 - 06:30 GMT
Egypt's Exports to Brazil Surge 74 Percent in 3 years
Egypt's imports from Brazil climbed 21.1%, the news agency cited the National Confederation of Industries (CNI). (Shutterstock)
Highlights
​​​​​​​The Egypt-Mercosur free trade agreement, signed in 2017, had its third anniversary on September 1st.
Egypt's exports to Brazil surged 74% in three years, the Brazil-Arab News Agency (ANBA) reported on September 8th.

The Egypt-Mercosur free trade agreement, signed in 2017, had its third anniversary on September 1st.

Since the deal's effective date, Egypt's imports from Brazil climbed 21.1%, the news agency cited the National Confederation of Industries (CNI).

Over 2,000 items, under the deal, were made tariff-free.

Tariffs, as of September, are lifted on 463 items from Egypt to Mercosur, and 719 from Mercosur to Egypt.


Copyright © 2021 Arab Finance Brokerage Company All rights reserved.

You may also like