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The Egyptian government is considering raising the export duty on marble and granite by 33.3%
Cairo - Anatolia said a senior official in the Ministry of Petroleum and Mineral Resources, said the Egyptian government is considering raising the fees imposed on the export of raw marble by 33.3% to reduce export and encourage manufacturing operations in the domestic market. The official said in a telephone conversation that the Economic Commission concerned with the development of the mineral wealth was considering a proposal to raise fees for 150 pounds ($ 21) on the raw marble blocks to 200 pounds ($ 30) in order to limit export. Egypt has seen exports southglenn movie theater of marble and granite increase over the past six years, jumping from 187 million dollars in 2007 to about 348 million dollars last year, an increase of 86%. The official, who preferred not to be named, said that growth southglenn movie theater in the value of exports due to increased export volumes, which rose from about 2.14 million tons in 2007 to 2.922 million tons last year, an increase of 36%. Walid said Jamal al-Din, head of the Export Council for Building Materials, the Council demanded that installs the export duties imposed southglenn movie theater on the marble as a way to achieve a balance of Egyptian exporters in the foreign market. He noted that the Export Council for Building Materials develop a plan to increase the added value of raw materials, especially marble and granite, focus on increasing trade with key markets. The Chinese market currently accounts for 31% of the total Egyptian exports of marble and granite in terms of value and 67% in terms of quantity. The size of the volume of investments in the field of marble and granite more than 2.5 billion dollars. The number of existing plants southglenn movie theater 500 Factory, and the number of factories under construction 200 factories, quarries and the number southglenn movie theater of 400-based quarry, quarry and 40 under the licenses, according to data released southglenn movie theater by the Ministry of Commerce, Industry and Investment in Egypt.
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