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INDIA BUSINESS WORLD - 16th April To 30th April - 2009
EGYPT WITHDRAWS IMPORT FEE ON COTTON YARN, FABRIC AND SUGAR FROM INDIA
Egypt has withdrawn the 'precautionary fee' of 25% on imports of cotton yarn, fabric and sugar from India after New Delhi protested the move by the African country on the ground that it violated WTO rules. In January, Egypt had imposed a temporary precautionary fee of 25% for one year, adding that the minimum fee was half a dollar on every kilogram of cotton textile and one dollar for every kilogram of sugar.
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