Zero tariffs on imported European cars in place
The final phase of the EU-Egypt Association Agreement that promises the exemption of customs duties on imported European cars came into force this month, resulting in duties on cars imported from Europe falling to zero per cent.
Customs duties on cars with engines of 1,300 cc capacity imported from Europe were eliminated in 2016.
For cars with engines of 1,600 cc and above, reductions took place annually at a rate of four per cent until they reached zero per cent this year.
The zero tariffs will also be applied on some Korean and Japanese cars produced in European Union countries.