{"id":599096,"date":"2019-06-18T04:03:20","date_gmt":"2019-06-18T04:03:20","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/18\/minimum-for-domestic-content-in-egypt-assembled-cars-is-now-back-at-28\/"},"modified":"2019-06-18T04:03:20","modified_gmt":"2019-06-18T04:03:20","slug":"minimum-for-domestic-content-in-egypt-assembled-cars-is-now-back-at-28","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/18\/minimum-for-domestic-content-in-egypt-assembled-cars-is-now-back-at-28\/","title":{"rendered":"Minimum for domestic content in Egypt-assembled cars is now back at 28%"},"content":{"rendered":"

Ministry explains decision to scrap former Trade Minister Nassar\u2019s car assembly policy: <\/b>Trade and Industry Minister Amr Nassar\u2019s decision to scrap of former minister Tarek Kabil\u2019s policy<\/a> to increase the percentage of local content in domestically assembled cars is meant to give assemblers breathing room until a new set of sector incentives take hold, the ministry said in a statement (pdf)<\/a>. The new requirements would have been difficult for many assemblers to meet, and their suspension will provide them an opportunity to make new investments before a revised policy is put in place.<\/p>\n

New incentives: <\/b>We noted yesterday<\/a> that the government is set to introduce up to 100% in custom discounts on automotive components as part of a fresh bid to spur domestic manufacturing and assembly.<\/p>\n

What the ministry is saying is: Let\u2019s start with a clean slate. <\/b>The Kabil policy was planned to come alongside a number of other regulations that never materialized. This made it necessary to review industry regulations and align them with where policy is headed, the statement reads.<\/p>\n

A reference to the automotive directive? <\/b>Nassar was quoted by the press<\/a> late last year as saying \u201cthere\u2019s nothing called the automotive directive in most countries.\u201d The minister\u2019s statement downplayed the now-forgone plan that would have given incentives to local assemblers to move further up the value chain into manufacturing in return for a measure of protection against EU, Moroccan and Turkish imports. The plan has been in the works by successive government for years, but ended up in the shredder. It was sharply opposed by Egypt\u2019s EU trade partners in favor of the policy that is now coming into fruition.<\/p>\n","protected":false},"excerpt":{"rendered":"

Ministry explains decision to scrap former Trade Minister Nassar\u2019s car assembly policy: Trade and Industry Minister Amr Nassar\u2019s decision to scrap of former minister Tarek Kabil\u2019s policy to increase the percentage of local content in domestically assembled cars is meant to give assemblers breathing room until a new set of sector incentives take hold, the […]<\/p>\n","protected":false},"author":1,"featured_media":599097,"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":[144,72,131,100,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-599096","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-automotive","tag-enterpriseam","tag-manufacturing","tag-policy","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"f2e08b49-b83c-4415-bb33-acdee260227b","is_powered_by":true,"section_story_id":"b692d5e9-308f-4b04-b0c0-c7125b36918b","story_type":"1","photo_url":"https:\/\/ent.news\/2019\/6\/1903.jpg","photo_position":"above","related_issue":[599082],"teaser":"","voice_url":""},"yoast_head":"\nMinimum for domestic content in Egypt-assembled cars is now back at 28% - 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\/06\/18\/minimum-for-domestic-content-in-egypt-assembled-cars-is-now-back-at-28\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Minimum for domestic content in Egypt-assembled cars is now back at 28%\" \/>\n<meta property=\"og:description\" content=\"Ministry explains decision to scrap former Trade Minister Nassar\u2019s car assembly policy: Trade and Industry Minister Amr Nassar\u2019s decision to scrap of former minister Tarek Kabil\u2019s policy to increase the percentage of local content in domestically assembled cars is meant to give assemblers breathing room until a new set of sector incentives take hold, the […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/18\/minimum-for-domestic-content-in-egypt-assembled-cars-is-now-back-at-28\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-06-18T04:03:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2019\/6\/1903.jpg?fit=%2C&ssl=1\" \/>\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\/06\/18\/minimum-for-domestic-content-in-egypt-assembled-cars-is-now-back-at-28\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/18\/minimum-for-domestic-content-in-egypt-assembled-cars-is-now-back-at-28\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Minimum for domestic content in Egypt-assembled cars is now back at 28%\",\"datePublished\":\"2019-06-18T04:03:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/18\/minimum-for-domestic-content-in-egypt-assembled-cars-is-now-back-at-28\/\"},\"wordCount\":291,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/18\/minimum-for-domestic-content-in-egypt-assembled-cars-is-now-back-at-28\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2019\/6\/1903.jpg?fit=%2C&ssl=1\",\"keywords\":[\"automotive\",\"EnterpriseAM\",\"Manufacturing\",\"policy\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/18\/minimum-for-domestic-content-in-egypt-assembled-cars-is-now-back-at-28\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/18\/minimum-for-domestic-content-in-egypt-assembled-cars-is-now-back-at-28\/\",\"name\":\"Minimum for domestic content in Egypt-assembled cars is now back at 28% - 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Trade Minister Tarek Kabil issued yesterday a decree forming a committee in charge of implementing higher local content requirements for domestic assemblers and manufacturers. The committee will draft the executive regulations to the ministry\u2019s directive from last month that requires 46% of the components\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":630706,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/30\/trade-and-industry-ministry-paves-way-for-automotive-directive-and-sets-46-domestic-component-requirement\/","url_meta":{"origin":599096,"position":2},"title":"Trade and Industry Ministry paves way for Automotive Directive and sets 46% domestic component requirement","author":"enterpriseam admin","date":"30 April 2018","format":false,"excerpt":"Trade and Industry Ministry paves way for Automotive Directive and sets 46% domestic component requirement: Trade and Industry Minister Tarek Kabil issued a directive mandating that 46% of the components of a domestically-assembled car be sourced locally, according to a statement from the ministry on Sunday. The decision also mandates\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":599046,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/17\/egypt-to-provide-large-custom-discounts-to-power-its-domestic-car-industry\/","url_meta":{"origin":599096,"position":3},"title":"Egypt to provide large custom discounts to power its domestic car industry","author":"enterpriseam admin","date":"17 June 2019","format":false,"excerpt":"EXCLUSIVE- We\u2019re going to be discussing a new set of incentives for the automotive industry this fall. The finance and trade ministries are drafting new incentives to spur domestic manufacturing and assembly that will include large custom discounts on automotive components that peak at nearly 100%, two government sources told\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\/2022\/7\/381.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":627340,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/30\/govt-plans-to-scrap-automotive-directive-and-will-replace-it-with-special-zones\/","url_meta":{"origin":599096,"position":4},"title":"Gov\u2019t plans to scrap Automotive Directive and will replace it with special zones","author":"enterpriseam admin","date":"30 July 2018","format":false,"excerpt":"EXCLUSIVE- Gov\u2019t plans to scrap automotive directive, looks to replace it with special economic zones: The Madbouly Cabinet has decided to scrap the automotive directive \u2014 the long awaited government strategy to grow the domestic auto industry by granting local assemblers incentives to move further up the value chain to\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":627387,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/31\/trade-minister-denies-automotive-directive-is-being-scrapped\/","url_meta":{"origin":599096,"position":5},"title":"Trade Minister denies Automotive Directive is being scrapped","author":"enterpriseam admin","date":"31 July 2018","format":false,"excerpt":"Is the automotive directive still alive? The Ministry of Trade and Industry issued yesterday a statement denying our report of Monday morning that the government plans to scrap the long-delayed automotive directive, which was designed to transform Egypt\u2019s automotive assembly industry into a manufacturing and export power. A senior government\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/599096","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=599096"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/599096\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/599082"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/599097"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=599096"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=599096"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=599096"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=599096"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=599096"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}