IMPORT AND EXPORT TRADE

ISRAEL: Supreme Court Clarifies Restrictions on Parallel Imports

26 July 2022

Israel’s Supreme Court has clarified conditions under which parallel imports are allowed. A parallel import is a non-counterfeit product imported from another country without the permission of the intellectual property owner. More

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KENYA: 2022 Finance Act Passed to Impact Imported Products

19 July 2022

Kenya’s Finance Act, 2022 was approved on 21 June 2022, and came into force on 1 July 2022, increasing duties on a variety of imports. More

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EGYPT: New Customs Tariff Introduced to Reduce Imported Input Prices

30 June 2022

Egypt’s Ministry of Finance has approved a new tax regime including lower duties on over 150 types of imported production inputs, entering into force on 9 June 2022. More

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SAUDI ARABIA: Import Tariffs Hiked on 99 Product Lines

29 June 2022

Saudi Arabia has increased import duties on 99 product lines, in effect from 12 June 2022. The main product lines affected are live animals, foodstuffs, mineral, chemical, plastic and glass products, aluminium, various machinery, industrial equipment, electrical equipment, and vehicles. The new rates comply with World Trade Organization regulations. More

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ISRAEL: Tariffs on Imported Goods Cut and Local Standard Compliance Dropped

09 June 2022

Israel has removed tariffs on a range of imports, following the official announcement of an order signed on 18 May 2022. More

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EGYPT: Letters of Credit No Longer Required for Imports of Inputs

30 May 2022

Companies in Egypt importing production inputs and raw materials will soon return to the old cash-against-documents (CAD) system or the documentary collection process to finance purchases, following presidential decrees published by Egypt’s State Information Service on 10 May 2022. More

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EGYPT: Government Suspends Import of Goods from 800 Foreign, Local Firms

29 April 2022

On 17 April 2022, the General Organisation for Export and Import Control (GOEIC) department of Egypt’s Ministry of Trade and Industry (MTI) announced the suspension of imports from more than 800 companies. More

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MOROCCO: Certificate of Conformity Requirements Extended to Textile Imports

27 April 2022

Morocco has revised the list of products requiring a certificate of conformity (CoC) for import. More

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EGYPT: New Letters of Credit Import Rules Implemented

01 March 2022

The Central Bank of Egypt (CBE) now requires importers to use letters of credit (LCs) to finance imports, despite complaints from traders and business groups. More

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NIGERIA: Digital Invoicing Now Required for Import / Exports Over US$10,000

31 January 2022

All importers and exporters in Nigeria must use electronic invoicing (e-invoicing) starting 1 February 2022. More

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