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Tuesday, 30 August 2016

Multinationals and local importers are considering suing the government over import restrictions

Multinationals and local importers are considering suing the Ismail government over import restrictions, Al Borsa reports. Foreign companies that export to Egypt are considering filing suit in the Administrative Court to end the exporters registry, which enforces quality control restrictions on their factories, company reps tell the newspaper. Representatives of 17 countries had indeed met with Egypt’s government at the World Trade Organization to protest the import restrictions, which we had noted back in June, and which the government denies happened. This comes as the Cairo Chamber of Commerce is gearing up to sue the government over the restrictions, said Ahmed Sheeha, head of the organization’s importers division.

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