{"id":55791,"date":"2016-11-29T19:44:00","date_gmt":"2016-11-29T21:44:00","guid":{"rendered":"https:\/\/escaesco.com.br\/lab\/anba\/egypt-lifts-poultry-import-tax\/"},"modified":"2018-04-04T01:37:03","modified_gmt":"2018-04-04T03:37:03","slug":"egypt-lifts-poultry-import-tax","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/egypt-lifts-poultry-import-tax\/","title":{"rendered":"Egypt lifts poultry import tax"},"content":{"rendered":"<p>S&atilde;o Paulo &ndash; Egypt has moved to exempt frozen whole chicken from its import tax, effective through May 31 2017, in a government a decree issued this Monday (28). According to <strong>Arab Brazilian Chamber of Commerce<\/strong> CEO Michel Alaby, the regular tax rate is 30%. <\/p>\n<p>&ldquo;This broadens the market for Brazilian poultry exporters,&rdquo; Alaby remarked. Brazil sold USD 121.8 million worth of chicken to Egypt through October this year, which is 26.3% more than in the year-ago period, based on figures from the Ministry of Industry, Foreign Trade and Services. The increase in amount sold was even bigger at 38%, to 84,500 tons. <\/p>\n<p>Egypt is the fourth leading Arab buyer of Brazilian poultry, trailing only Saudi Arabia, the UAE and Kuwait. It is also the 9th biggest overall importer of the Brazilian product. <\/p>\n<p>The exemption is retroactive to November 10. Egyptian press outlets impute the move to hiking prices of locally produced chicken following the Egyptian pound&rsquo;s slide since November 3, when the Central Bank unpegged its currency, allowing it to float freely. <\/p>\n<p>Local producers reacted to the news by saying much of the production inputs are imports, therefore a weaker pound means vaccines and feed, hence the need for increasing chicken prices. <\/p>\n<p><strong>*Translated by Gabriel Pomerancblum<\/strong><\/p>\n<div class=\"credits-overlay\" data-target=\".wp-image-189563\">Jonas de Oliveira\/ANPR 15\/02\/2011<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The move applies to frozen whole chicken through May 31 2017. The reason is an increase in prices charged for locally-made product.<\/p>\n","protected":false},"author":1454,"featured_media":189563,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[102],"tags":[],"class_list":{"0":"post-55791","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-agribusiness"},"wps_subtitle":"The move applies to frozen whole chicken through May 31 2017. The reason is an increase in prices charged for locally-made product.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/55791","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/1454"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=55791"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/55791\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/189563"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=55791"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=55791"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=55791"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}