{"id":601389,"date":"2019-02-27T04:01:18","date_gmt":"2019-02-27T04:01:18","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/27\/trade-industry-ministry-agrees-to-pay-egp-7-8-bn-of-export-subsidies\/"},"modified":"2019-02-27T04:01:18","modified_gmt":"2019-02-27T04:01:18","slug":"trade-industry-ministry-agrees-to-pay-egp-7-8-bn-of-export-subsidies","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/27\/trade-industry-ministry-agrees-to-pay-egp-7-8-bn-of-export-subsidies\/","title":{"rendered":"Trade &#038; Industry Ministry agrees to pay EGP 7.8 bn of export subsidies"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <b>Trade Ministry reportedly agrees to pay export subsidies worth EGP 7.8 bn:<\/b> The Trade and Industry Ministry will pay EGP 7.8 bn worth of overdue export subsidies to exporters, <a href=\"https:\/\/hapijournal.com\/2019\/02\/26\/%D8%AD%D8%B3%D8%A7%D9%85-%D9%81%D8%B1%D9%8A%D8%AF-%D8%B5%D8%B1%D9%81-7-8-%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D8%AC%D9%86%D9%8A%D9%87-%D9%85%D8%B3%D8%AA%D8%AD%D9%82%D8%A7%D8%AA-%D9%84%D9%84%D9%85%D8%B5\/\">ministerial adviser Hossam Farid was quoted as saying by Hapi<\/a>. His statement came during a meeting between ministry officials and the Egyptian Businessmen\u2019s Association (EBA) to discuss the new export incentives program that on which the ministry has been working. The new program will focus on incentives to grow value-added exports as well as to push industry to Upper Egypt and to develop shipping and logistics operations. The strategy should be in final form for cabinet review soon.<\/p>\n<p><b>Background:<\/b> Exporters have ratcheted up the pressure to get the government to pay out what they say are bn\u2019s in overdue subsidies. The government, which is trying to boost exports and reduce imports to plug its trade deficit and save foreign currency, said <a href=\"https:\/\/enterprise.press\/stories\/2019\/02\/11\/government-to-decide-on-next-payment-of-overdue-export-subsidies-next-month\/\">it will decide on its next payment in March<\/a> and has hinted that the new incentive program might be <a href=\"https:\/\/enterprise.press\/stories\/2019\/01\/31\/egypt-to-launch-new-non-cash-incentive-program-for-exporters-in-march\/\">a non-cash one<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Trade Ministry reportedly agrees to pay export subsidies worth EGP 7.8 bn: The Trade and Industry Ministry will pay EGP 7.8 bn worth of overdue export subsidies to exporters, ministerial adviser Hossam Farid was quoted as saying by Hapi. His statement came during a meeting between ministry officials and the Egyptian Businessmen\u2019s Association (EBA) to [&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":[8572],"tags":[72,11386,2380,98,132],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-601389","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-ministry-of-trade-industry","tag-speed-round","tag-subsidies","tag-trade","wpautop","entry"],"acf":{"mongo_id":"c89d69b0-efad-4c2e-8e56-6dee3ca10940","is_powered_by":true,"section_story_id":"de2062a0-9169-4a48-9a00-5675e3da6808","story_type":"1","photo_url":"","photo_position":"above","related_issue":[601379],"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>Trade &amp; Industry Ministry agrees to pay EGP 7.8 bn of export subsidies - 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\/02\/27\/trade-industry-ministry-agrees-to-pay-egp-7-8-bn-of-export-subsidies\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trade &amp; Industry Ministry agrees to pay EGP 7.8 bn of export subsidies\" \/>\n<meta property=\"og:description\" content=\"Trade Ministry reportedly agrees to pay export subsidies worth EGP 7.8 bn: The Trade and Industry Ministry will pay EGP 7.8 bn worth of overdue export subsidies to exporters, ministerial adviser Hossam Farid was quoted as saying by Hapi. His statement came during a meeting between ministry officials and the Egyptian Businessmen\u2019s Association (EBA) to [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/27\/trade-industry-ministry-agrees-to-pay-egp-7-8-bn-of-export-subsidies\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-02-27T04:01:18+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\/02\/27\/trade-industry-ministry-agrees-to-pay-egp-7-8-bn-of-export-subsidies\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/27\/trade-industry-ministry-agrees-to-pay-egp-7-8-bn-of-export-subsidies\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Trade &#038; 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The new program will allow increasing\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":602685,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/03\/export-subsidies-to-include-cash-settlements-and-logistical-support\/","url_meta":{"origin":601389,"position":1},"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 &quot;Speed Round&quot;","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":597245,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/21\/govt-unveils-new-egp-6-bn-per-year-export-subsidy-framework\/","url_meta":{"origin":601389,"position":2},"title":"Gov\u2019t unveils new EGP 6 bn per year export subsidy framework","author":"enterpriseam admin","date":"21 July 2019","format":false,"excerpt":"Gov\u2019t unveils new EGP 6 bn per year export subsidy framework: The government unveiled the details of the long-awaited new framework for disbursing export subsidies. 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Egypt\u2019s export councils, along with the Egyptian Businessmen\u2019s\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":585777,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/30\/govt-to-hand-out-another-egp-10-bn-in-export-subsidies\/","url_meta":{"origin":601389,"position":4},"title":"Gov\u2019t to hand out another EGP 10 bn in export subsidies","author":"enterpriseam admin","date":"30 April 2023","format":false,"excerpt":"The sixth phase of the program opens for applications in May","rel":"","context":"In &quot;Trade&quot;","block_context":{"text":"Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/4\/950.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":573219,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/26\/food-exporters-want-to-return-to-old-subsidies-framework\/","url_meta":{"origin":601389,"position":5},"title":"Food exporters want to return to old subsidies framework","author":"enterpriseam admin","date":"26 July 2020","format":false,"excerpt":"Food exporters want a return to old subsidies framework, with a few minor tweaks: The Food Export Council has sent a request to the Trade Ministry asking for a return to an old export subsidies program that paid exporters part of the value of the goods they export, council head\u2026","rel":"","context":"In &quot;Speed Round&quot;","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\/601389","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=601389"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/601389\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/601379"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=601389"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=601389"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=601389"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=601389"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=601389"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}