Japan wants more investment incentives in Egypt

Japan wants more investment incentives in Egypt, particularly in the automotive industry: Japan’s External Trade Organization (JETRO) has been meeting with Cabinet and Trade and Industry Ministry officials to request more investment incentives for Japanese companies in Egypt, JETRO Egypt’s general manager Takashi Tsunemi tells the local press. JETRO is looking for incentives specifically in the automotive sector, as Tsunemi says Japanese manufacturers are struggling to compete with their European counterparts after tariffs on European cars fell to zero at the beginning of the year.