Industry association pushing protectionist “buy Egyptian” clause in gov’t contracts

Industry association pushing protectionist “buy Egyptian” clause in gov’t contracts: The Federation of Egypt Industries has renewed calls to the government to enforce a 2015 law that would grant Egyptian goods and services preference in government contracts and tenders. The demand is part of a series of recommendations the lobby group presented to the Madbouly Cabinet on improving the investment climate. These include setting a stable tax system for industry (which, frankly, we thought we already had), eliminating a requirement that gives the government of Egypt seniority on any loan it extends or guarantees, and expanding the development of logistics zones, according to Al Mal.