{"id":559969,"date":"2021-02-10T03:50:28","date_gmt":"2021-02-10T03:50:28","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/10\/a-busy-day-in-the-house\/"},"modified":"2021-02-10T03:50:28","modified_gmt":"2021-02-10T03:50:28","slug":"a-busy-day-in-the-house","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/10\/a-busy-day-in-the-house\/","title":{"rendered":"A busy day in the House"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>The H<\/strong><strong>ouse<\/strong><strong> of Representatives was busy yesterday pushing through new bills<\/strong>, granting final and committee-level nods to others and signing off on tweaks to some existing laws. Among the acts that made it through parliament:<\/p>\n<p><strong>Customs incentives for EV + clean energy firms:<\/strong> A change to customs rules that make it easier for EV firms to qualify for customs breaks won <a href=\"http:\/\/www.parliament.gov.eg\/News_Show.aspx?frm=3870\">approval<\/a> from the House general assembly. Under the changes, which <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b884ec35-1a73-4df1-83e5-10ee39326fcd\">President Abdel Fattah El Sisi called for in September,<\/a> importers only need to source 10% of their components from local suppliers to qualify for the tax break, down from 30% previously.<\/p>\n<p><strong>The energy shift:<\/strong> The change \u2014 which applies to companies involved in setting up EV charging or natural gas refueling stations, inputs brought in to outfit cars with dual-fuel, electric, or natural gas engines, or parts used to set up renewable energy plants \u2014 is designed to encourage domestic industry to shift towards producing technology that harnesses more sustainable forms of energy. The push toward electric vehicles seems to have gained momentum recently with the signing of agreements to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ebaaafcc-7c6e-4a72-a659-8b10b312f6fa\">assemble electric vehicles<\/a> and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/64004c40-daf4-408f-b1f2-6294e811a143\">install charging stations<\/a>, while 2021 has seen the launch of <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2b32a76e-edee-488e-bb81-5700f30f1229\">the government\u2019s multi-year plan<\/a> to convert mns of vehicles to run on natural gas.<\/p>\n<p><strong>Overseas funding gets a rubber stamp: <\/strong>The House approved amendments to <a href=\"https:\/\/akhbarelyom.com\/news\/newdetails\/3254928\/1\/-%D8%A7%D9%84%D9%86%D9%88%D8%A7%D8%A8-%D9%8A%D9%88%D8%A7%D9%81%D9%82-%D8%B9%D9%84%D9%89-%D9%85%D9%86%D8%AD%D8%A9-%D9%85%D8%B3%D8%A7%D8%B9%D8%AF%D8%A9-%D8%A3%D9%85%D8%B1%D9%8A%D9%83%D9%8A%D8%A9-%D9%84%D8%AA\">the Egypt-US Investment Development Agreement<\/a>, unlocking an additional USD 26.6 mn to help facilitate local trade and investment. It also signed off on raft of financing agreements from international institutions, including a JPY 1 bn (USD 9.55 mn) grant from the <a href=\"https:\/\/alborsaanews.com\/2021\/02\/09\/1417753\">Japanese government<\/a> to fund economic and social development programs, a <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/2252820\">technical assistance grant<\/a> worth EUR 3 mn from the European Bank of Reconstruction & Development to modernize Cairo Metro Line 1, and EUR 200k from the Spanish Agency for International Development Cooperation <a href=\"https:\/\/alborsaanews.com\/2021\/02\/09\/1417753\">for women\u2019s empowerment in the tourism sector<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The House of Representatives was busy yesterday pushing through new bills, granting final and committee-level nods to others and signing off on tweaks to some existing laws. Among the acts that made it through parliament: Customs incentives for EV + clean energy firms: A change to customs rules that make it easier for EV firms [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":559970,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7344],"tags":[144,309,571,72,274,570,187,131,537],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-559969","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislation-watch","tag-automotive","tag-customs","tag-ebrd","tag-enterpriseam","tag-house-of-representatives","tag-japan","tag-legislation-watch","tag-manufacturing","tag-spain","wpautop","entry"],"acf":{"mongo_id":"c742788d-2892-4d5d-801e-749b43b48767","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/2\/170.jpg","photo_position":"above","related_issue":[559956],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>A busy day in the House - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/10\/a-busy-day-in-the-house\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A busy day in the House\" \/>\n<meta property=\"og:description\" content=\"The House of Representatives was busy yesterday pushing through new bills, granting final and committee-level nods to others and signing off on tweaks to some existing laws. Among the acts that made it through parliament: Customs incentives for EV + clean energy firms: A change to customs rules that make it easier for EV firms [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/10\/a-busy-day-in-the-house\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-10T03:50:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/170.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/10\/a-busy-day-in-the-house\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/10\/a-busy-day-in-the-house\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"A busy day in the House\",\"datePublished\":\"2021-02-10T03:50:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/10\/a-busy-day-in-the-house\/\"},\"wordCount\":307,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/10\/a-busy-day-in-the-house\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/170.jpg?fit=%2C&ssl=1\",\"keywords\":[\"automotive\",\"customs\",\"EBRD\",\"EnterpriseAM\",\"House of Representatives\",\"Japan\",\"Legislation Watch\",\"Manufacturing\",\"Spain\"],\"articleSection\":[\"LEGISLATION WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/10\/a-busy-day-in-the-house\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/10\/a-busy-day-in-the-house\/\",\"name\":\"A busy day in the House - 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Representatives will be asked their opinions on\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":625091,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/26\/eba-prepares-remarks-on-customs-act-to-present-to-house-of-representatives\/","url_meta":{"origin":559969,"position":1},"title":"EBA prepares remarks on Customs Act to present to House of Representatives","author":"enterpriseam admin","date":"26 September 2018","format":false,"excerpt":"The Egyptian Businessmen\u2019s Association (EBA) is laying out its remarks and concerns on the Finance Ministry\u2019s draft of a new Customs Act, Youm7 reports. The EBA plans to present these remarks to the House of Representatives once it convenes for its fourth legislative session next month. A primary concern the\u2026","rel":"","context":"In &quot;Legislation + Policy&quot;","block_context":{"text":"Legislation + Policy","link":"https:\/\/enterpriseam.com\/egypt\/category\/legislation-policy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":621557,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/12\/egypt-cabinet-to-introduce-new-customs-act\/","url_meta":{"origin":559969,"position":2},"title":"Egypt cabinet to introduce new customs act","author":"enterpriseam admin","date":"12 November 2018","format":false,"excerpt":"LEGISLATION WATCH- Cabinet will introduce a Customs Act in the House within the coming few weeks, Finance Minister Mohamed Maait told the committee yesterday. The bill is meant to bring customs legislation in line with international agreements and raise Egypt\u2019s ranking in a number of global indices, including the World\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":591880,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/19\/egypts-new-customs-act-expected-to-come-into-effect-in-1h2020\/","url_meta":{"origin":559969,"position":3},"title":"Egypt\u2019s new Customs Act expected to come into effect in 1H2020","author":"enterpriseam admin","date":"19 December 2019","format":false,"excerpt":"LEGISLATION WATCH- The proposed Customs Act is expected to come into effect in 1H2020, unnamed sources at the Finance Ministry said, Al Mal reports. The House Planning and Budgeting Committee is expected to finalize its review of the 55-article bill this month before shipping it to the House general assembly\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":596264,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/22\/egypts-customs-authority-proposes-legislative-amendments-to-regulate-customs-clearance-agents\/","url_meta":{"origin":559969,"position":4},"title":"Egypt\u2019s Customs Authority proposes legislative amendments to regulate customs clearance agents","author":"enterpriseam admin","date":"22 August 2019","format":false,"excerpt":"LEGISLATION WATCH- Customs Authority considers new Customs Act amendments: The Customs Authority has proposed expanding draft Customs Act amendments that would regulate customs clearance agents, Al Mal reports. The new clauses would require that agents are Egyptian passport holders aged over 21 who have an undergraduate degree and have completed\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":600097,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/20\/federation-of-egyptian-industries-reviewing-final-draft-of-customs-act\/","url_meta":{"origin":559969,"position":5},"title":"Federation of Egyptian Industries reviewing final draft of Customs Act","author":"enterpriseam admin","date":"20 January 2019","format":false,"excerpt":"LEGISLATION WATCH- Final draft of amended Customs Act now with industry group for review: The Federation of Egyptian Industries (FEI) is reviewing the final version of proposed amendments to the Customs Act, Mohamed El-Bahy, head of the federation\u2019s taxes and customs committee, told Youm7. The FEI\u2019s feedback goes to the\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/559969","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=559969"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/559969\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/559956"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/559970"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=559969"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=559969"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=559969"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=559969"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=559969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}