{"id":575412,"date":"2020-10-14T04:16:21","date_gmt":"2020-10-14T04:16:21","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/14\/mercedes-to-start-local-assembly-very-soon-after-five-year-hiatus-sources\/"},"modified":"2020-10-14T04:16:21","modified_gmt":"2020-10-14T04:16:21","slug":"mercedes-to-start-local-assembly-very-soon-after-five-year-hiatus-sources","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/14\/mercedes-to-start-local-assembly-very-soon-after-five-year-hiatus-sources\/","title":{"rendered":"Mercedes to start local assembly \u201cvery soon\u201d after five-year hiatus -sources"},"content":{"rendered":"

<\/a> EXCLUSIVE- <\/strong>Mercedes-Benz could resume assembling its passenger car <\/strong>models in <\/strong>Egypt \u201cvery soon\u201d after a five-year hiatus<\/strong>, two sources in government tell Enterprise. The company said<\/a> in September 2019 that it expected to produce its first locally assembled vehicle in years by the second half of 2020<\/strong> and added at the time that production would \u201cfocus on SUVs that are not yet available in the Egyptian market.\u201d The company now seems to have passed a turning point.<\/p>\n

The German luxury car maker imported two shipments earlier this week including <\/strong>assembly inputs, spare parts<\/strong>, and fully-assembled vehicles, one of the sources said. A number of sticking points, including the regulations that would allow Mercedes-Benz to assemble its vehicles at a local partner\u2019s facilities while still enjoying customs incentives, have now been resolved after months of talks with the Customs Authority and Trade Ministry, the sources noted. Mercedes now has the green light to resume its assembly operations in partnership with the Egyptian German Automotive<\/a> Company (EGA). Mercedes Egypt did not respond yesterday to a request for comment.<\/p>\n

Did new customs breaks play a role?<\/strong> While the covid-19 pandemic and trade disruptions have slowed Mercedes\u2019 plans to return to the country, a recent decision<\/a> cutting the value of local components needed to qualify for customs breaks pushed it to expedite the process, the sources said. Under that decision, the local component threshold that allows importers to claim customs discounts of up to 90% was lowered from 30% to 10% in the final product. The government has also agreed to provide the company with additional breaks on imported production inputs provided it exports parts made in Egypt, one of the sources said. Mercedes will also benefit from the European partnership agreement allowing it to import European-made components without paying any custom duties.<\/p>\n

Background:<\/strong> The luxury car maker had shut down its local assembly in Egypt in mid-2015, saying at the time<\/a> that Egypt\u2019s freetrade agreement with the EU \u2014 which saw tariffs on European cars to zero as of 1 January 2019 \u2014 would make it economically infeasible to continue its local assembly operations here long-term. Egypt was the company\u2019s fastest-growing market <\/strong>in 2019<\/a><\/strong>. The company has discussed going into the SCZone with a logistics base<\/a>. The Madbouly Cabinet\u2019s dispute resolution committee<\/a> ruled in favor of an importer of Mercedes-Benz vehicles in its EGP 700 mn dispute with Egypt\u2019s Customs Authority.<\/p>\n","protected":false},"excerpt":{"rendered":"

EXCLUSIVE- Mercedes-Benz could resume assembling its passenger car models in Egypt \u201cvery soon\u201d after a five-year hiatus, two sources in government tell Enterprise. The company said in September 2019 that it expected to produce its first locally assembled vehicle in years by the second half of 2020 and added at the time that production would […]<\/p>\n","protected":false},"author":1,"featured_media":575413,"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":[8572],"tags":[144,309,72,3518,3526,2380,416],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-575412","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-automotive","tag-customs","tag-enterpriseam","tag-local-assembly","tag-mercedes-benz","tag-speed-round","tag-suez-canal-economic-zone","wpautop","entry"],"acf":{"mongo_id":"f0285bb0-da9f-4bc1-a5d5-9254e0f3380e","is_powered_by":true,"section_story_id":"307c82aa-8655-4348-9cdd-bc0c68450f60","story_type":"1","photo_url":"https:\/\/ent.news\/2020\/10\/144.jpg","photo_position":"above","related_issue":[575405],"teaser":"","voice_url":""},"yoast_head":"\nMercedes to start local assembly \u201cvery soon\u201d after five-year hiatus -sources - 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\/2020\/10\/14\/mercedes-to-start-local-assembly-very-soon-after-five-year-hiatus-sources\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mercedes to start local assembly \u201cvery soon\u201d after five-year hiatus -sources\" \/>\n<meta property=\"og:description\" content=\"EXCLUSIVE- Mercedes-Benz could resume assembling its passenger car models in Egypt \u201cvery soon\u201d after a five-year hiatus, two sources in government tell Enterprise. 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The plant will be built by a \u201clocal business partner\u201d and in collaboration with the Egyptian government. The\u2026","rel":"","context":"In "Speed Round"","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":641224,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/17\/mercedes-benz-agrees-in-principle-to-resume-assembling-in-egypt\/","url_meta":{"origin":575412,"position":1},"title":"Mercedes-Benz \u201cagrees in principle\u201d to resume assembling in Egypt","author":"enterpriseam admin","date":"17 September 2017","format":false,"excerpt":"Mercedes-Benz \u201cagrees in principle\u201d to resume assembling in Egypt? Mercedes-Benz \u201chas agreed in principle\u201d resume car assembly in Egypt, according to a statement by the Suez Canal Development Authority (SCZone) picked up by Al Shorouk. The company decision was taken following a meeting between company representatives and SCZone head Mohab\u2026","rel":"","context":"In "Speed Round"","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":600146,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/21\/mercedes-benz-says-new-policies-clarity-were-behind-its-return-to-egypt\/","url_meta":{"origin":575412,"position":2},"title":"Mercedes-Benz says new policies, clarity were behind its return to Egypt","author":"enterpriseam admin","date":"21 January 2019","format":false,"excerpt":"Mercedes-Benz says new policies, clarity were behind its return to Egypt: New policies adopted by the Madbouly government provided clarity for car makers and encouraged Mercedes-Benz to return to the market with an assembly plant, Mercedes-Benz Egypt CEO Thomas Zorn said, according to a Trade and Industry Ministry statement. The\u2026","rel":"","context":"In "Speed Round"","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":603405,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/22\/customs-payment-dispute-with-mercedes-importer-returns\/","url_meta":{"origin":575412,"position":3},"title":"Customs payment dispute with Mercedes importer returns","author":"enterpriseam admin","date":"22 April 2019","format":false,"excerpt":"DISPUTE WATCH- Customs dispute with Mercedes importer in Egypt is back from the dead: A dispute between the Customs Authority and an Egyptian importer of Mercedes-Benz cars that was settled earlier this year has apparently resurfaced and is now before the Investment Ministry\u2019s dispute resolution committee to be sorted out,\u2026","rel":"","context":"In "Speed Round"","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":641611,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/27\/mercedes-benz-allocated-assembly-line-space-in-sczone-but-spokesperson-refuses-to-confirm-it-will-assemble-here\/","url_meta":{"origin":575412,"position":4},"title":"Mercedes Benz allocated assembly line space in SCZone, but spokesperson refuses to confirm it will assemble here","author":"enterpriseam admin","date":"27 September 2017","format":false,"excerpt":"INVESTMENT WATCH- Is Mercedes-Benz really back? The automaker, which suspended assembly in Egypt in 2015 as the FX crisis deepened, has apparently agreed to reopen assembly operations in Egypt, Suez Canal Economic Zone (SCZone) Chairman Mohab Mamish announced in a presser on Tuesday to much fanfare. He added that 96,000\u2026","rel":"","context":"In "Speed Round"","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":600361,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/28\/govt-working-on-incentives-to-promote-electric-vehicles-mercedes-delegation-due-for-visit-soon\/","url_meta":{"origin":575412,"position":5},"title":"Gov\u2019t working on incentives to promote electric vehicles; Mercedes delegation due for visit \u201csoon\u201d","author":"enterpriseam admin","date":"28 January 2019","format":false,"excerpt":"REGULATION WATCH- Gov\u2019t working on incentives to promote electric vehicles: The government is working on a new policy framework to encourage the use of electric vehicles (EVs) based on instructions from President Abdel Fattah El Sisi, according to a Cabinet statement. The framework will include financial incentives to convince international\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2018\/4\/electricauto_web_1600.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/575412","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=575412"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/575412\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/575405"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/575413"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=575412"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=575412"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=575412"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=575412"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=575412"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}