Policy Brief – Arab Republic of Egypt

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Essay #: 059072
Total text length is 5,599 characters (approximately 3.9 pages).

Excerpts from the Paper

The beginning:
Policy Brief – Arab Republic of Egypt
Executive Summary
The World Bank indicates that Egypt is not nearly as competitive as it could be, which is risky for its economic sustainability. While moving ahead on many initiatives to support trade, the country lacks support systems for managing trade. The Government of Egypt needs to create a policy to develop incentives and guarantees for foreign investors who carry out activities in Egypt in accordance with its provisions.
Statement of the Issue
How can the Arab Republic of Egypt (known as Egypt) act to increase its trade effectiveness and volume over time?
Background of the Problem
Egypt’s Doing Business ranking, according to the World Bank, currently stands at 126th in the world. Although...
The end:
..... valorem tariffs (% of all tariff lines)
0.2
0.2
0.2
4.Tariff quotas (% of all tariff lines)
0.0
0.0
0.0
5.Non-ad valorem tariffs with no AVEs (% of all tariff lines)
0.2
0.2
0.2
6.Simple average tariff rate
26.8
20.0
38.6
Agricultural products (WTO definition)b
64.9
66.4
96.2
Non-agricultural products (WTO definition)c
20.9
12.8
29.6
Agriculture, hunting, forestry and fishing (ISIC 1)
18.5
5.8
27.0
Mining and quarrying (ISIC 2)
10.9
3.0
21.5
Manufacturing (ISIC 3)
27.6
21.1
39.6
7.Domestic tariff "spikes" (% of all tariff lines)d
0.5
0.4
0.6
8.International tariff "spikes" (% of all tariff lines)e
52.7
26.6
72.8
9.Overall standard deviation of applied rates
127.4
148.3
165.2
10."Nuisance" applied rates (% of all tariff lines)f
0.9
23.7
2.6