{"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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Non-oil exports during the quarter reached USD 5.55 bn, according to the General Organization for Export and Import Control\u2019s reports for January, February, and March\u2019s export figures. Meanwhile, Egypt\u2019s exports to the EU rose 21%\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":573444,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/05\/diplomacy-foreign-trade-on-5-august-2020-gerd-and-food-exports\/","url_meta":{"origin":575517,"position":1},"title":"Diplomacy + Foreign Trade on 5 August 2020: GERD and food exports","author":"enterpriseam admin","date":"5 August 2020","format":false,"excerpt":"Egypt and Sudan have walked away from the latest round of talks on GERD after Ethiopia\u2019s latest proposal dodged mention of a binding dispute resolution mechanism and left out key operating guidelines for the dam. 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":2},"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":3},"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":4},"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":621414,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/07\/egypt-looking-to-export-usd-1-bn-under-qiz-program-in-2019\/","url_meta":{"origin":575517,"position":5},"title":"Egypt looking to export USD 1 bn under QIZ program in 2019","author":"enterpriseam admin","date":"7 November 2018","format":false,"excerpt":"The Trade and Industry Ministry is aiming to increase exports under the Qualified Industrial Zones (QIZ) program to USD 1 bn in 2019, head of the ministry\u2019s QIZ unit Ashraf El Rabie told Amwal Al Ghad, adding that the QIZ unit is targeting USD 850 mn in exports by end-2018.\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}]}}