Egypt imposes a proportional tax of 10% on exports of nitrogen fertilizers.

THE Egypt established new rules for the taxation of their exports of nitrogen fertilizers, applying a proportional rate (ad valoremof 10% based on FOB value of the cargo, which represents the price of the goods and the associated transportation costs. Previously, the The tariff was set at US$90 per ton of the input.. You shipments in free trade zones of Egyptian territory and the shipments of high-purity ammonium nitratewith a concentration of nitrogen above 34.2%, were the The only exceptions exempt from the new tax.According to analysts, the government's strategy is to link revenue from foreign trade in this input directly to fluctuations in international markets. military conflicts in the Middle East and the logistical impasses in the Strait of Hormuz were some of the main factors for the recent rise in fertilizer prices.

This text was translated by machine from Brazilian Portuguese.