{"id":602685,"date":"2019-04-03T03:41:33","date_gmt":"2019-04-03T03:41:33","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/03\/export-subsidies-to-include-cash-settlements-and-logistical-support\/"},"modified":"2019-04-03T03:41:33","modified_gmt":"2019-04-03T03:41:33","slug":"export-subsidies-to-include-cash-settlements-and-logistical-support","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/03\/export-subsidies-to-include-cash-settlements-and-logistical-support\/","title":{"rendered":"Export subsidies to include cash, settlements and logistical support"},"content":{"rendered":"

Has the export subsidies flap finally settled? <\/b>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)<\/a>. The new framework, which will come into effect in the upcoming fiscal year, includes allocating 40% of the fund\u2019s budget to cash-based subsidy payments for exporters, 30% settlements with the Finance Ministry, and 30% in logistical and technological support, the ministry said. The new strategy aims to have exports reach USD 55 bn within the coming five years, from USD 24.8 bn currently, Trade Minister Amr Nassar said. The Fund has been allocated EGP 6 bn in the draft state budget for FY2019-20, Finance Minister Mohamed Maait said. Food Export Council member Karim Abou Ghaly told us back in November<\/a> that he and his fellow members were waiting for the payout of as much as EGP 3 bn.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 the upcoming fiscal year, includes […]<\/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":[72,2380,98,132],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-602685","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","tag-subsidies","tag-trade","wpautop","entry"],"acf":{"mongo_id":"ca39e081-5501-4392-aafd-6f06cec50183","is_powered_by":true,"section_story_id":"5b5dc6dd-4ebe-41fe-a322-bbcc473d8950","story_type":"1","photo_url":"","photo_position":"above","related_issue":[602666],"teaser":"","voice_url":""},"yoast_head":"\nExport subsidies to include cash, settlements and logistical support - 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\/04\/03\/export-subsidies-to-include-cash-settlements-and-logistical-support\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Export subsidies to include cash, settlements and logistical support\" \/>\n<meta property=\"og:description\" content=\"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 the upcoming fiscal year, includes […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/03\/export-subsidies-to-include-cash-settlements-and-logistical-support\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-04-03T03:41:33+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\/04\/03\/export-subsidies-to-include-cash-settlements-and-logistical-support\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/03\/export-subsidies-to-include-cash-settlements-and-logistical-support\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Export subsidies to include cash, settlements and logistical support\",\"datePublished\":\"2019-04-03T03:41:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/03\/export-subsidies-to-include-cash-settlements-and-logistical-support\/\"},\"wordCount\":164,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\",\"subsidies\",\"trade\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/03\/export-subsidies-to-include-cash-settlements-and-logistical-support\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/03\/export-subsidies-to-include-cash-settlements-and-logistical-support\/\",\"name\":\"Export subsidies to include cash, settlements and logistical support - 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The new program will allow increasing\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":597245,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/21\/govt-unveils-new-egp-6-bn-per-year-export-subsidy-framework\/","url_meta":{"origin":602685,"position":1},"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. 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":597200,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/18\/egypts-exporters-have-four-new-ways-to-claim-their-overdue-payments\/","url_meta":{"origin":602685,"position":2},"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. Under the new framework, exporters could receive discounts on their obligations to the electricity, oil, and investment ministries and claim\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\/1\/776.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":568801,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/04\/egypt-settles-overdue-export-subsidies-with-31-companies\/","url_meta":{"origin":602685,"position":3},"title":"Egypt settles overdue export subsidies with 31 companies","author":"enterpriseam admin","date":"4 February 2020","format":false,"excerpt":"Gov\u2019t settles overdue export subsidies with 31 companies: The trade and finance ministries have signed agreements with 31 foreign and local companies to settle outstanding export subsidy payments, the Trade and Industry Ministry said in a statement (pdf), without disclosing how much the companies were paid. This comes less than\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\/53.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":594873,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/10\/finmin-has-paid-exporters-egp-1-4-bn-in-subsidy-arrears-maait\/","url_meta":{"origin":602685,"position":4},"title":"FinMin has paid exporters EGP 1.4 bn in subsidy arrears -Maait","author":"enterpriseam admin","date":"10 September 2019","format":false,"excerpt":"FinMin has paid exporters EGP 1.4 bn in subsidy arrears -Maait: The Finance Ministry has disbursed over the past few weeks EGP 1.4 bn in overdue subsidy payments the government has owed to exporters since last year, Finance Minister Mohamed Maait said yesterday, according to Hapi Journal. 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