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English news

10-Jan-2019

EU-imported cars see prices fall by up to 20% on elimination of customs duties

Prices of European cars with an engine capacity of 1,600 CC and 2,000 CC decreased 3-8% and 15-20%, respectively, according to a member of Federation of Egyptian Chambers of Commerce’s auto division. This follows the elimination of customs duties on EU-assembled cars on 1 Jan 2019, as per Egypt’s trade liberalisation agreement with the EU. 

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