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Tuesday, 23 November 2021

Your next mobile phone is going to cost more

New tariffs mean more expensive phones: All imported mobile phones will now be subject to a 10% import tariff, according to a presidential decree published in the Official Gazette (pdf). The new tariff is double the 5% import fee originally imposed by the National Telecommunications Regulatory Authority last year and essentially applies to all phones sold in Egypt except for those assembled by local electronics outfit Sico.

Retailers will pass on the cost to consumers: Phone prices could rise 10-14% on the back of the new tariffs, the head of an industry trade body told Al Mal. Issam Badr El Din, director of the mobile traders’ syndicate, told the newspaper that there had been “confusion” between retailers and distributors following the customs hike and that the price hikes will weigh on consumer demand.

Other import fees included in the decision: Solar panels will now be subject to a 5% import tariff, according to the decree. Imports of fully manufactured marble products are also getting a 20% tariff tacked on (up from 2% previously), while tariffs on raw marble will remain unchanged at 2%, a Customs Authority source who wished to remain unnamed confirmed to Enterprise.

EDITOR’S NOTE- Corrected on 4 January, 2022

A previous version of this story incorrectly said that solar panels will be subject to a 10% import tariff

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