{"id":603265,"date":"2019-04-17T04:00:42","date_gmt":"2019-04-17T04:00:42","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/17\/customs-authority-reaches-agreement-with-bmw-on-dispute\/"},"modified":"2019-04-17T04:00:42","modified_gmt":"2019-04-17T04:00:42","slug":"customs-authority-reaches-agreement-with-bmw-on-dispute","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/17\/customs-authority-reaches-agreement-with-bmw-on-dispute\/","title":{"rendered":"Customs authority reaches agreement with BMW on dispute"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <b>EXCLUSIVE- BMW to pay EGP 55 mn settlement to end customs dispute:<\/b> The Customs Authority has reached an agreement with automotive giant BMW to end a dispute over customs tariffs and valuations of imported cars, Customs Authority head Kamal Negm told Enterprise. The company will stipulate a price list for its vehicles after the agreement is signed, Negm said. BMW vehicles will enjoy zero-customs access to the Egyptian market under a <a href=\"https:\/\/enterprise.press\/stories\/2018\/11\/11\/has-the-eu-rejected-egypts-proposal-to-delay-delay-0-customs-duties-on-car-imports\/\">trade agreement with the EU<\/a>. A government official told us separately that the company will pay EGP 55 mn to end the dispute. The company is planning to invest in Egypt, which it sees as a gateway for its cars into Africa, the official said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EXCLUSIVE- BMW to pay EGP 55 mn settlement to end customs dispute: The Customs Authority has reached an agreement with automotive giant BMW to end a dispute over customs tariffs and valuations of imported cars, Customs Authority head Kamal Negm told Enterprise. The company will stipulate a price list for its vehicles after the agreement [&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":[144,675,309,957,72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-603265","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-automotive","tag-bmw","tag-customs","tag-dispute-watch","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"b68aef86-eea5-4c55-92f8-41386171a523","is_powered_by":true,"section_story_id":"4f36080e-f7cb-4f48-a4e8-e388067daa4b","story_type":"1","photo_url":"","photo_position":"above","related_issue":[603258],"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>Customs authority reaches agreement with BMW on dispute - 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\/17\/customs-authority-reaches-agreement-with-bmw-on-dispute\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Customs authority reaches agreement with BMW on dispute\" \/>\n<meta property=\"og:description\" content=\"EXCLUSIVE- BMW to pay EGP 55 mn settlement to end customs dispute: The Customs Authority has reached an agreement with automotive giant BMW to end a dispute over customs tariffs and valuations of imported cars, Customs Authority head Kamal Negm told Enterprise. 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An Egyptian importer of Mercedes-Benz vehicles has won an EGP 700 mn customs refund after the cabinet\u2019s dispute resolution committee ruled in favor of the company in its dispute with the Customs Authority, a government source told Enterprise. 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