{"id":575517,"date":"2020-10-18T04:16:55","date_gmt":"2020-10-18T04:16:55","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/18\/diplomacy-foreign-trade-on-sunday-18-october-2020\/"},"modified":"2020-10-18T04:16:55","modified_gmt":"2020-10-18T04:16:55","slug":"diplomacy-foreign-trade-on-sunday-18-october-2020","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/18\/diplomacy-foreign-trade-on-sunday-18-october-2020\/","title":{"rendered":"Diplomacy + Foreign Trade on Sunday 18 October 2020"},"content":{"rendered":"<p><strong>Topping coverage on the foreign trade front: Egypt\u2019s non-oil exports declined by just 3.5% y-o-y in 9M2020<\/strong>, totaling c. USD 18.15 bn compared to USD 18.8 bn in 9M2019, according to a General Organization for Export and Import Control (GOEIC) report picked up by <a href=\"https:\/\/bit.ly\/2II72cZ\">Al Mal<\/a>. Figures indicate that exporters have begun to see improved trading conditions, with non-oil exports <a href=\"https:\/\/www.goeic.gov.eg\/en\/news\/default\/view\/id\/624\">rising 4% y-o-y in September<\/a> to USD 2.15 bn and seven export councils reporting <a href=\"https:\/\/www.goeic.gov.eg\/en\/news\/default\/view\/id\/625\">increased export values<\/a>.<\/p>\n<p><strong>In other trade and investment news: <\/strong><\/p>\n<ul>\n<li><strong>The trade ministry has <\/strong><strong><a href=\"https:\/\/bit.ly\/3j4L3cE\">cut tariffs<\/a><\/strong><strong> on steel billets<\/strong> to 13% from 16% as it phases protective tariffs over a three-year period. The tariffs were <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7604752e-c34c-456b-8a4b-651410da36a7\">controversial<\/a> among iron and steel manufacturers, who <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/54936690-7382-4835-9d32-8e901c3bb645\">sought redress in court<\/a>;<\/li>\n<li><strong>Some 70 <\/strong><strong>French companies attended a seminar on investing<\/strong> in Egypt post-covid, according to a <a href=\"https:\/\/bit.ly\/3lUd7Rz\">Planning Ministry statement<\/a>;<\/li>\n<li>The Egyptian Federation of Investors Association is <strong><a href=\"https:\/\/bit.ly\/2HcfZKD\">pushing<\/a><\/strong><strong> investment in Africa<\/strong>.<\/li>\n<\/ul>\n<p><strong>Shoukry\u2019s EU-focused weekend: <\/strong>Spain\u2019s <strong>Arancha Gonz\u00e1lez Laya <\/strong>was in Cairo this weekend for talks with Foreign Minister Sameh Shoukry that included a joint presser (<a href=\"https:\/\/bit.ly\/2H0Yspf\">watch, runtime: 28:30<\/a>). Laya also <a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/1004080430111337\">met<\/a> President Abdel Fattah El Sisi. Shoukry also spoke this weekend with his <strong><a href=\"https:\/\/bit.ly\/3j8HUbu\">German<\/a><\/strong>,<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Topping coverage on the foreign trade front: Egypt\u2019s non-oil exports declined by just 3.5% y-o-y in 9M2020, totaling c. USD 18.15 bn compared to USD 18.8 bn in 9M2019, according to a General Organization for Export and Import Control (GOEIC) report picked up by Al Mal. Figures indicate that exporters have begun to see improved [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[9285],"tags":[317,2398,72,69,132,483],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-575517","post","type-post","status-publish","format-standard","hentry","category-diplomacy-foreign-trade","tag-commodities","tag-diplomacy-foreign-trade","tag-enterpriseam","tag-tax","tag-trade","tag-trade-and-industry-ministry","wpautop","entry"],"acf":{"mongo_id":"a3b7fbe5-ea7b-4d56-944e-0bf2ce951159","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[575497],"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>Diplomacy + Foreign Trade on Sunday 18 October 2020 - 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\/18\/diplomacy-foreign-trade-on-sunday-18-october-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Diplomacy + Foreign Trade on Sunday 18 October 2020\" \/>\n<meta property=\"og:description\" content=\"Topping coverage on the foreign trade front: Egypt\u2019s non-oil exports declined by just 3.5% y-o-y in 9M2020, totaling c. USD 18.15 bn compared to USD 18.8 bn in 9M2019, according to a General Organization for Export and Import Control (GOEIC) report picked up by Al Mal. Figures indicate that exporters have begun to see improved [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/18\/diplomacy-foreign-trade-on-sunday-18-october-2020\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-10-18T04:16:55+00:00\" \/>\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=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/18\/diplomacy-foreign-trade-on-sunday-18-october-2020\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/18\/diplomacy-foreign-trade-on-sunday-18-october-2020\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Diplomacy + Foreign Trade on Sunday 18 October 2020\",\"datePublished\":\"2020-10-18T04:16:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/18\/diplomacy-foreign-trade-on-sunday-18-october-2020\/\"},\"wordCount\":192,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"commodities\",\"Diplomacy + Foreign Trade\",\"EnterpriseAM\",\"tax\",\"trade\",\"Trade and Industry Ministry\"],\"articleSection\":[\"Diplomacy + Foreign Trade\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/18\/diplomacy-foreign-trade-on-sunday-18-october-2020\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/18\/diplomacy-foreign-trade-on-sunday-18-october-2020\/\",\"name\":\"Diplomacy + Foreign Trade on Sunday 18 October 2020 - 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Ethiopia\u2019s proposal came despite the three countries\u2019 representatives agreeing at a meeting earlier this week\u2026","rel":"","context":"In &quot;Diplomacy + Foreign Trade&quot;","block_context":{"text":"Diplomacy + Foreign Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/diplomacy-foreign-trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":596407,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/27\/egypts-chemicals-exports-down-10-in-1h2019\/","url_meta":{"origin":575517,"position":1},"title":"Egypt\u2019s chemicals exports down 10% in 1H2019","author":"enterpriseam admin","date":"27 August 2019","format":false,"excerpt":"Egypt\u2019s exports of chemicals decreased 10% in 1H2019 y-o-y to USD 2.4 bn from USD 2.7 bn in 2018 due to the delay of export subsidies and the low participation of companies in international exhibitions, Chemical & Fertilizers Export Council executive manager Walid Azzab said, according to AMAY. The government\u2026","rel":"","context":"In &quot;Diplomacy + Foreign Trade&quot;","block_context":{"text":"Diplomacy + Foreign Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/diplomacy-foreign-trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":575093,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/01\/diplomacy-foreign-trade-on-1-october-2020\/","url_meta":{"origin":575517,"position":2},"title":"Diplomacy + Foreign Trade on 1 October 2020","author":"enterpriseam admin","date":"1 October 2020","format":false,"excerpt":"Topping trade news this morning: QIZ exports fall in 1H2020: The value of goods exported from Egyptian qualifying industrial zones (QIZs) fell almost 25% during the first half of the year compared to 1H2019, according to Trade Ministry figures. Some USD 357 mn of goods were exported during 1H2020, down\u2026","rel":"","context":"In &quot;Diplomacy + Foreign Trade&quot;","block_context":{"text":"Diplomacy + Foreign Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/diplomacy-foreign-trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":594884,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/10\/egyptian-qiz-exports-record-usd-587-mn-in-7m2019\/","url_meta":{"origin":575517,"position":3},"title":"Egyptian QIZ exports record USD 587 mn in 7M2019","author":"enterpriseam admin","date":"10 September 2019","format":false,"excerpt":"Egypt\u2019s exports from Qualifying Industrial Zones (QIZ) increased 14.4% to USD 587 mn in 7M2019 and are expected to end the year at USD 1 bn for the first time since 2011, according to a local press report. The y-o-y increase comes on the back of a rise in textiles\u2026","rel":"","context":"In &quot;Diplomacy + Foreign Trade&quot;","block_context":{"text":"Diplomacy + Foreign Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/diplomacy-foreign-trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":592931,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/12\/egyptian-qiz-exports-record-usd-760-mn-in-9m2019\/","url_meta":{"origin":575517,"position":4},"title":"Egyptian QIZ exports record USD 760 mn in 9M2019","author":"enterpriseam admin","date":"12 November 2019","format":false,"excerpt":"Egypt\u2019s exports from Qualifying Industrial Zones (QIZ) increased 14.3% to USD 760 mn in 9M2019, a Trade Ministry source told the local press. The increase was driven largely by textiles and readymade garment exports, which made up 97% of the total figure. Participants in the QIZ agreement, which Egypt signed\u2026","rel":"","context":"In &quot;Diplomacy + Foreign Trade&quot;","block_context":{"text":"Diplomacy + Foreign Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/diplomacy-foreign-trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":596225,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/21\/egyptian-qiz-exports-record-usd-472-mn-in-1h2019\/","url_meta":{"origin":575517,"position":5},"title":"Egyptian QIZ exports record USD 472 mn in 1H2019","author":"enterpriseam admin","date":"21 August 2019","format":false,"excerpt":"Egypt\u2019s exports from Qualifying Industrial Zones (QIZ) increased 6.7% y-o-y to USD 472 mn in 1H2019, according to the local press. An unnamed source at the QIZ unit at the Trade Ministry said textiles and readymade garments made up 97% of the exports, while food and glass products comprised the\u2026","rel":"","context":"In &quot;Diplomacy + Foreign Trade&quot;","block_context":{"text":"Diplomacy + Foreign Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/diplomacy-foreign-trade\/"},"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\/575517","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=575517"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/575517\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/575497"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=575517"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=575517"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=575517"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=575517"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=575517"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}