Commercial Information Circulars

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e-mail address : enquiry@tid.gov.hk

Ref : CR EIC 230/2/1/1/1

16 August 2012

 Dear Sirs,

Commercial Information Circular No. 640/2012
Egypt : Imposition of Safeguard Measure on Cotton Yarn

Further to the Commercial Information Circular No. 238/2012 of 29 March 2012, Egypt has decided to apply a definitive safeguard measure on the imports of cotton yarn, irrespective of country of origin, according to a recent communication circulated by the World Trade Organization (WTO). The communication (with document symbol G/SG/N/11/EGY/5) can be obtained from the WTO's website through the following link:
http://docsonline.wto.org/gen_search.asp?language=1.

DETAILS

2. Salient points of Egypt's safeguard measure are set out below -

BACKGROUND

3. The Egyptian authorities notified to the WTO their decision to apply a definitive safeguard measure against imports of cotton yarn on 17 July 2012. They concluded that there was a correlation between the significant increase in imports of the subject product and serious injury suffered by the domestic industry producing similar products. The definitive safeguard measure was therefore expected to be applied until 29 December 2014. Imports from developing country members of the WTO shall not be subject to the definitive safeguard measure as long as each member's imports do not exceed three per cent of total imports into Egypt and the share of the members with less than three per cent import share do not collectively account for more than nine per cent of total imports into Egypt.

ENQUIRIES

4. For enquiries concerning the contents of this circular, please contact Mr. Derek Wong at telephone number 3403 6352 or the undersigned at 2398 5427.

Yours faithfully,

(Miss Anna CHEUNG)
for Director-General of Trade and Industry

* The EU includes Austria, Belgium, Bulgaria, Cyprus, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden and the United Kingdom.