Angel of Death Posted Tuesday at 03:04 AM Share Posted Tuesday at 03:04 AM This would cap monthly imports at 8,000 cars, a significant reduction from the 90,000 cars imported last year The Egyptian Minister of Investment and Foreign Trade Hassan El-Khatib has called on automotive dealers and agents to limit their import requests for 2025 to 5% of the total cars imported in 2023, unnamed sources familiar with the matter told Asharq Business. This would cap monthly imports at 8,000 cars, a significant reduction from the 90,000 cars imported last year. The move follows earlier reports which suggested that Egypt plans to reduce the car import quota by 20%, lowering the monthly limit from 10,000 to 8,000 cars, in a bid to conserve foreign currency and reduce import dependence. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info). Link: https://www.zawya.com/en/economy/north-africa/egypt-seeks-to-curb-2025-car-imports-amid-economic-pressures-wxsokt3q 1 Link to comment Share on other sites More sharing options...
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