{"id":595082,"date":"2019-09-16T03:40:38","date_gmt":"2019-09-16T03:40:38","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/16\/egypt-to-launch-today-the-new-egp-6-bn-export-subsidy-framework\/"},"modified":"2019-09-16T03:40:38","modified_gmt":"2019-09-16T03:40:38","slug":"egypt-to-launch-today-the-new-egp-6-bn-export-subsidy-framework","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/16\/egypt-to-launch-today-the-new-egp-6-bn-export-subsidy-framework\/","title":{"rendered":"Egypt to launch today the new EGP 6 bn export subsidy framework"},"content":{"rendered":"

<\/a> The government will begin implementing today the promised EGP 6 bn new export subsidy framework<\/b> after holding several meetings with the export councils, reports Al Mal<\/a>. Exporters have been awaiting clarity<\/a> on how the government is planning to implement the new program, which will see some EGP 2.4 bn (40%) of the EGP 6 bn disbursed as cash subsidies, EGP 1.8 bn (30%) through tax and payment discounts, and the remaining EGP 1.8 bn (30%) spend by the Export Subsidy Fund to \u201cbuild up Egypt\u2019s export capacities.\u201d We have a rundown here on the new framework<\/a>, which the government announced in July.<\/p>\n

Gov\u2019t also says it\u2019s on track to make good on overdue payments: <\/b>The Finance Ministry is currently in the process of giving exporters EGP 800 mn-worth of tax breaks to settle overdue arrears under the old program, and said EGP 2 bn will be settled soon through the four new ways announced in July<\/a>, alongside tax breaks. This report came after Finance Minister Mohamed Maait said<\/a> last week the ministry has already disbursed EGP 1.4 bn over the past few weeks. The Egyptian Businessmen\u2019s Association estimated last year<\/a> that the government could owe exporters EGP 9 bn. Others in the field have put the figure even higher.<\/p>\n","protected":false},"excerpt":{"rendered":"

The government will begin implementing today the promised EGP 6 bn new export subsidy framework after holding several meetings with the export councils, reports Al Mal. Exporters have been awaiting clarity on how the government is planning to implement the new program, which will see some EGP 2.4 bn (40%) of the EGP 6 bn […]<\/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":[8572],"tags":[72,332,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-595082","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-export-subsidy-fund","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"8dd9862c-52f1-48be-b786-cf158656ef0a","is_powered_by":true,"section_story_id":"c6dde0e7-0197-4583-8f32-b6eb7e70962e","story_type":"1","photo_url":"","photo_position":"above","related_issue":[595070],"teaser":"","voice_url":""},"yoast_head":"\nEgypt to launch today the new EGP 6 bn export subsidy 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\/16\/egypt-to-launch-today-the-new-egp-6-bn-export-subsidy-framework\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt to launch today the new EGP 6 bn export subsidy framework\" \/>\n<meta property=\"og:description\" content=\"The government will begin implementing today the promised EGP 6 bn new export subsidy framework after holding several meetings with the export councils, reports Al Mal. Exporters have been awaiting clarity on how the government is planning to implement the new program, which will see some EGP 2.4 bn (40%) of the EGP 6 bn […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/16\/egypt-to-launch-today-the-new-egp-6-bn-export-subsidy-framework\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-09-16T03:40:38+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\/2019\/09\/16\/egypt-to-launch-today-the-new-egp-6-bn-export-subsidy-framework\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/16\/egypt-to-launch-today-the-new-egp-6-bn-export-subsidy-framework\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt to launch today the new EGP 6 bn export subsidy framework\",\"datePublished\":\"2019-09-16T03:40:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/16\/egypt-to-launch-today-the-new-egp-6-bn-export-subsidy-framework\/\"},\"wordCount\":212,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"export subsidy fund\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/16\/egypt-to-launch-today-the-new-egp-6-bn-export-subsidy-framework\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/16\/egypt-to-launch-today-the-new-egp-6-bn-export-subsidy-framework\/\",\"name\":\"Egypt to launch today the new EGP 6 bn export subsidy framework - 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The fund is supposed to pay\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":569744,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/05\/export-subsidy-fund-begins-paying-out-egp-1-bn-in-arrears\/","url_meta":{"origin":595082,"position":1},"title":"Export Subsidy Fund begins paying out EGP 1 bn in arrears","author":"enterpriseam admin","date":"5 March 2020","format":false,"excerpt":"Export Subsidy Fund begins paying out EGP 1 bn in arrears: The state-run Export Subsidy Fund on Tuesday began dispensing EGP 1-1.2 bn in overdue export subsidies, 10% of which will be doled out in cash payments, unnamed sources told the local press. The sources said 37 exporters requested that\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":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":595082,"position":2},"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. 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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":602685,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/03\/export-subsidies-to-include-cash-settlements-and-logistical-support\/","url_meta":{"origin":595082,"position":4},"title":"Export subsidies to include cash, settlements and logistical support","author":"enterpriseam admin","date":"3 April 2019","format":false,"excerpt":"Has the export subsidies flap finally settled? The Export Subsidy Fund\u2019s board of directors has agreed to a general strategy framework for reimbursements in an attempt to increase exports and improve the trade balance, according to a Trade Ministry statement (pdf). The new framework, which will come into effect in\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":568983,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/10\/exporters-complain-of-bureaucratic-delays-in-export-subsidy-arrear-payments\/","url_meta":{"origin":595082,"position":5},"title":"Exporters complain of bureaucratic delays in export subsidy arrear payments","author":"enterpriseam admin","date":"10 February 2020","format":false,"excerpt":"Red tape is slowing down export subsidy repayment process, says Edita\u2019s Berzi: Companies that are owed overdue export subsidies are finding it difficult to claim their arrears due to bureaucratic hurdles, despite the government\u2019s recent launch of initiatives to clear the debts it owes to exporters, Edita Chairman and Food\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\/129.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\/595082","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=595082"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/595082\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/595070"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=595082"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=595082"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=595082"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=595082"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=595082"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}