The temporary duties on Ukrainian rebars, imposed by Egypt, will damage metal industry for several hundred million dollars.
“At present Egypt is on the fifth position among countries which buy metal from Ukraine, and that’s 5%. Exports to Egypt started falling, they will fall by 5%, or by several hundred million dollars per year”, the economist Alexander Okhrimenko said.
At the same time he believes the duties will not affect the GDP. (Ukrainian metal)
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