The condition for getting a discount on tariffs was using local components by at least 30 percent. The more local components are used, the more the tariff reduction is. The percentage of local components is determined based on two factors. The import tax on Polyvinyl chloride colloquial (PVC) now stands at just 2 percent of the product's value. In order to encourage local manufacturing of furniture, the tariff on drawer channels has become 30 percent down from 60 percent.

Source: Egypt Today September 20, 2020 17:15 UTC