Minister of Trade and Industry Tarek Kabil issued a resolution to impose a fee of EGP 12,000 per tonne of fresh and frozen fish exported for a period of four months from the date of the resolution’s publication in the official state gazette. The resolution exempts manufactured fish (such as the smoked or canned), as well as fish exports to the European Union, according to a press statement on Thursday. Fish exports in 2016 and the first quarter of 2017 registered around 48,000 tonnes and 14,000 tonnes respectively. Kabil explained that although the export ratio did not exceed 2.5% of the annual production of fish, an increase in the exports of tilapia and mullet was witnessed, which are the population’s main alternative to meat and poultry. The exports of these two types of fish accounted for about 80% of the total fish exports during the first quarter of 2017.

Source: Daily News Egypt April 27, 2017 11:37 UTC