Recently, Minister of Industry and Foreign Trade Kui Yede emphasized that the increase in export taxes on marble and granite and other stone materials has increased from the previous 80 Egyptian pounds to 150 Egyptian pounds per ton. This is mainly to protect national industries and promote Egyptian stone processing capabilities. Improve, increase product added value, and provide young people in Egypt with more employment opportunities.
Egyptian stone exporters expressed their opposition to the government’s decision to increase taxes, fearing that this move would directly lead to a reduction in exports and a loss of the market. In this regard, Zhai said that the government will take necessary measures to introduce advanced foreign technologies to support the relevant producers, exporters and investors in the stone industry, and to improve product quality and better meet the needs of overseas markets such as China and Italy.
China is the largest export market for Egyptian stone, and exports to China account for 33% of its total exports.
Egyptian stone exporters expressed their opposition to the government’s decision to increase taxes, fearing that this move would directly lead to a reduction in exports and a loss of the market. In this regard, Zhai said that the government will take necessary measures to introduce advanced foreign technologies to support the relevant producers, exporters and investors in the stone industry, and to improve product quality and better meet the needs of overseas markets such as China and Italy.
China is the largest export market for Egyptian stone, and exports to China account for 33% of its total exports.
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