Posted on Thursday, 27 April 2017 15:47By ReutersEgypt's Trade Ministry on Thursday imposed a tariff on the exports of fresh and frozen fish of 12,000 Egyptian pounds per tonne for four months. The decision comes two days after President Abdel Fattah al-Sisi said Egypt had halted fish exports after a surge in sales to foreign markets following last November's currency devaluation led to supply shortages locally and a rise in domestic prices. The ministry gave different figures for fish exports in their statement, saying Egypt exported 48,000 tonnes of fish in 2016 and in the first quarter of 2017 it exported 14,000 tonnes. Much of Egypt's fish exports heads to the Gulf states. The tariff's on the fish exports comes after the government this month imposed a tariff on sugar exports of 3,000 Egyptian pounds per tonne.

Source: The North Africa Journal April 27, 2017 15:02 UTC