Three Egyptian funds for insuring tourism, exports and dumping

The Egyptian Industrial Union and Trade Chamber have decided to establish three Egyptian funds. The first will support industry and tourism in Egypt; the second will insure Egyptian exports and third fund will help with dumping issues against Egypt raised by Europe and America.

It was decided by the tourism private sector will finance the first fund through imposing simple duties on each tourist while the second will be financed by imposing 10 cents on each dollar of exports, and the third fund will be financed through several different private sector sources to confront this danger.