{"id":594665,"date":"2019-09-03T04:07:57","date_gmt":"2019-09-03T04:07:57","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/03\/egypts-export-subsidy-fund-yet-to-ratify-mechanisms-in-new-framework\/"},"modified":"2019-09-03T04:07:57","modified_gmt":"2019-09-03T04:07:57","slug":"egypts-export-subsidy-fund-yet-to-ratify-mechanisms-in-new-framework","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/03\/egypts-export-subsidy-fund-yet-to-ratify-mechanisms-in-new-framework\/","title":{"rendered":"Egypt\u2019s Export Subsidy Fund yet to ratify mechanisms in new framework"},"content":{"rendered":"

The Export Subsidy Fund has so far only ratified one of three mechanisms through which it will disburse export subsidies, head of the Trade Ministry\u2019s trade agreements sector Amany Al Wesal said<\/a>. The ratified mechanism gives tax breaks to importers. The two other mechanisms of the framework, which involve cash payments to exporters and investments to build up the country\u2019s export capabilities, are still under study. Reports emerged<\/a> earlier this week that Egypt\u2019s exporters are awaiting clarity on how the government is planning to implement the new export subsidies program, which was announced in July<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Export Subsidy Fund has so far only ratified one of three mechanisms through which it will disburse export subsidies, head of the Trade Ministry\u2019s trade agreements sector Amany Al Wesal said. The ratified mechanism gives tax breaks to importers. The two other mechanisms of the framework, which involve cash payments to exporters and investments […]<\/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":[9315],"tags":[72,332,2390],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-594665","post","type-post","status-publish","format-standard","hentry","category-other-business-news-of-note","tag-enterpriseam","tag-export-subsidy-fund","tag-other-business-news-of-note","wpautop","entry"],"acf":{"mongo_id":"47402019-93c2-46cc-80ad-a3d7caab8028","is_powered_by":true,"section_story_id":"f7c6c37f-edf9-4697-b5b9-a3fca5c7f9e8","story_type":"1","photo_url":"","photo_position":"above","related_issue":[594633],"teaser":"","voice_url":""},"yoast_head":"\nEgypt\u2019s Export Subsidy Fund yet to ratify mechanisms in new framework - 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\/2019\/09\/03\/egypts-export-subsidy-fund-yet-to-ratify-mechanisms-in-new-framework\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt\u2019s Export Subsidy Fund yet to ratify mechanisms in new framework\" \/>\n<meta property=\"og:description\" content=\"The Export Subsidy Fund has so far only ratified one of three mechanisms through which it will disburse export subsidies, head of the Trade Ministry\u2019s trade agreements sector Amany Al Wesal said. The ratified mechanism gives tax breaks to importers. The two other mechanisms of the framework, which involve cash payments to exporters and investments […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/03\/egypts-export-subsidy-fund-yet-to-ratify-mechanisms-in-new-framework\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-09-03T04:07:57+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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/03\/egypts-export-subsidy-fund-yet-to-ratify-mechanisms-in-new-framework\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/03\/egypts-export-subsidy-fund-yet-to-ratify-mechanisms-in-new-framework\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt\u2019s Export Subsidy Fund yet to ratify mechanisms in new framework\",\"datePublished\":\"2019-09-03T04:07:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/03\/egypts-export-subsidy-fund-yet-to-ratify-mechanisms-in-new-framework\/\"},\"wordCount\":110,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"export subsidy fund\",\"Other Business News of Note\"],\"articleSection\":[\"Other Business News of Note\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/03\/egypts-export-subsidy-fund-yet-to-ratify-mechanisms-in-new-framework\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/03\/egypts-export-subsidy-fund-yet-to-ratify-mechanisms-in-new-framework\/\",\"name\":\"Egypt\u2019s Export Subsidy Fund yet to ratify mechanisms in new framework - 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The new framework would disburse EGP 6 bn per year in export subsidies through the Export Subsidies Fund starting from FY2019-20, according to a statement\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\/2020\/2\/120.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":621743,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/18\/whats-happening-with-the-promised-release-of-export-subsidy-funds-ask-egypts-exporters\/","url_meta":{"origin":594665,"position":1},"title":"What\u2019s happening with the promised release of export subsidy funds, ask Egypt\u2019s exporters","author":"enterpriseam admin","date":"18 November 2018","format":false,"excerpt":"What\u2019s happening with the promised release of export subsidy payments, ask Egypt\u2019s exporters: Egyptian exporters frustrated by what they feel is a lack of action from the government on releasing long-overdue export subsidies are urging Prime Minister Moustafa Madbouly to take action. Egypt\u2019s export councils, along with the Egyptian Businessmen\u2019s\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":591561,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/10\/egypts-export-subsidy-fund-to-pay-40-of-total-overdue-subsidies-before-mid-2020\/","url_meta":{"origin":594665,"position":2},"title":"Egypt\u2019s Export Subsidy Fund to pay 40% of total overdue subsidies before mid 2020","author":"enterpriseam admin","date":"10 December 2019","format":false,"excerpt":"The Export Subsidy Fund plans to disburse 40% of total overdue subsidies before mid-2020, head of the Textile Export Council Magdy Tolba said, according to Al Mal. A total of 370 companies are currently owed export subsidies. The fund signed nine agreements last week to settle EGP 1.4 bn-worth of\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":594622,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/02\/egypts-exporters-awaiting-clarity-on-new-export-subsidies-program\/","url_meta":{"origin":594665,"position":3},"title":"Egypt\u2019s exporters awaiting clarity on new export subsidies program","author":"enterpriseam admin","date":"2 September 2019","format":false,"excerpt":"Egypt\u2019s exporters are awaiting clarity on how the government is planning to implement the new export subsidies program, Ihab Abdel Zaher, member of the export council for textiles and readymade garments said. The new program promises to disburse EGP 6 bn per year in export subsidies, and was supposed to\u2026","rel":"","context":"In "Other Business News of Note"","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":591284,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/02\/egypt-to-get-more-clarity-on-export-subsidies-program-as-govt-issues-executive-regs\/","url_meta":{"origin":594665,"position":4},"title":"Egypt to get more clarity on export subsidies program as gov\u2019t issues executive regs","author":"enterpriseam admin","date":"2 December 2019","format":false,"excerpt":"New export subsidies program exec regs finally see the light of day, but exporters have mixed feelings: Prime Minister Moustafa Madbouly ratified yesterday the highly anticipated executive regulations of the new export subsidy framework that the government had announced and approved earlier this year, according to a document seen by\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\/2020\/2\/120.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":597200,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/18\/egypts-exporters-have-four-new-ways-to-claim-their-overdue-payments\/","url_meta":{"origin":594665,"position":5},"title":"Egypt\u2019s exporters have four new ways to claim their overdue payments","author":"enterpriseam admin","date":"18 July 2019","format":false,"excerpt":"Exporters now have four new ways through which to claim their overdue payments from the Export Subsidy Fund, according to a letter from the Trade Ministry seen by the press. 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