Egyptian PM to take measures to promote trade in Port Said
Egyptian PM Ibrahim Mahlab
Cairo - MENA
Prime Minister Ibrahim Mahlab agreed on Wednesday on a number of suggestions to promote trade in Port Said and achieve development in the governorate.
Among the measures, Mahlab agreed to cut down by 25% taxes levied on imports of the free zone and increase allocations to the governorate to 200 million pounds and channeled them to development projects.
Each visitor of the free zone will be exempted from taxes on his/her purchases each season or every six months not exceeding 200 pounds.
The new measures were agreed upon during a meeting between Mahlab and Trade and Industry Minister Monier Fakhri Abdel Nour, Finance Minister Hani Qadri Demian and Port Said traders association.
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