{"id":604679,"date":"2018-12-10T04:19:56","date_gmt":"2018-12-10T04:19:56","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/10\/egyptian-and-uk-officials-are-talking-about-what-post-brexit-trade-looks-like\/"},"modified":"2018-12-10T04:19:56","modified_gmt":"2018-12-10T04:19:56","slug":"egyptian-and-uk-officials-are-talking-about-what-post-brexit-trade-looks-like","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/10\/egyptian-and-uk-officials-are-talking-about-what-post-brexit-trade-looks-like\/","title":{"rendered":"Egyptian and UK officials are talking about what post-Brexit trade looks like"},"content":{"rendered":"

<\/a> EXCLUSIVE- Egyptian and UK officials are talking about what post-Brexit trade looks like:<\/b> The UK is committed to preserving its trade and investment relationship with Egypt throughout and beyond the Brexit period, UK Trade Commissioner for Africa Emma Wade-Smith OBE told Enterprise in a recent sit-down. Our discussion came as Prime Minister Theresa May is expected to put her Brexit agreement in front of MPs for a vote tomorrow, the Guardian reports<\/a>. Edited excerpts from our talk:<\/p>\n

Our number one priority right now is preserving trade continuity with Egypt<\/b>. We can\u2019t officially begin trade negotiations until after we leave the EU in March 2019, so the current conversation with the Egyptian government is about replicating the existing trade agreements, such as the EU-Egypt Association Agreement, but move them into a UK-Egypt context. We want to provide certainty for business and government so that they can prepare for what\u2019s going to happen on any given day.<\/p>\n

UK does not want long, drawn out talks: <\/b>We want to make sure that our relationship with Egypt reflects that open trade approach. That said, we need to be realistic about our capacity to agreements. Negotiating multiple such agreements at once is a mammoth task and we\u2019ll have to prioritize ruthlessly. However, I\u2019m absolutely convinced that there\u2019s much we can do to facilitate trade and investment between the UK and Egypt without writing up a brand new agreement that will take many years to negotiate.<\/p>\n

We intend to maintain and grow our investment involvement in Egypt<\/b>, especially as the reform packages continue yield results. The USD 1.6 bn financing package to Carbon Holdings\u2019 Tahrir Petrochemicals Corporation remains our largest transaction through UK Export Finance and demonstrates our strong commitment to the Egyptian economy. As the largest foreign investor in Egypt, we are present in a full range of sectors, including education, skills, healthcare and pharmaceuticals, oil and gas, and infrastructure. We\u2019ve also been partnering with the Egyptian business community and authorities to help grow the financial services sector, looking into fintech<\/b> and speaking with the ministries of finance and planning about public-private partnerships, which we see as a very exciting opportunity in the future.<\/p>\n

There is no current timeline for restoring direct flights to Sharm El Sheikh<\/b>, though the number of British tourists visiting Egypt is increasingly rapidly. We know how important Sharm is and there are ongoing discussions with the Egyptian authorities on the flights and how we can support tourism and the money it generates for Egypt\u2019s economy.<\/p>\n","protected":false},"excerpt":{"rendered":"

EXCLUSIVE- Egyptian and UK officials are talking about what post-Brexit trade looks like: The UK is committed to preserving its trade and investment relationship with Egypt throughout and beyond the Brexit period, UK Trade Commissioner for Africa Emma Wade-Smith OBE told Enterprise in a recent sit-down. 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The post-Brexit era will focus on joint projects in manufacturing,\u2026","rel":"","context":"In "Diplomacy + Foreign Trade"","block_context":{"text":"Diplomacy + Foreign Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/diplomacy-foreign-trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":598592,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/29\/uk-trade-secretary-meets-amr-nassar-for-trade-talks\/","url_meta":{"origin":604679,"position":2},"title":"UK trade secretary meets Amr Nassar for trade talks","author":"enterpriseam admin","date":"29 May 2019","format":false,"excerpt":"Trade minister holds talks with UK trade secretary on post-Brexit ties: British trade secretary Liam Fox sat down with Trade Minister Amr Nassar for talks about the UK\u2019s post-Brexit trade relationship with Egypt, according to a ministry statement (pdf). 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Brits are looking to both break with the EU and discuss a new free trade agreement in just two years\u2019 time, CNN says. The country will begin the countdown\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":568552,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/15\/egypt-uk-trade-agreement-to-take-effect-by-year-end\/","url_meta":{"origin":604679,"position":5},"title":"Egypt-UK trade agreement to take effect by year-end","author":"enterpriseam admin","date":"15 November 2020","format":false,"excerpt":"Egypt\u2019s post-Brexit trade agreement with the UK will come into effect on 31 December, the UK\u2019s trade envoy to Egypt Sir Jeffery Donaldson told Ahram Online on Thursday. The agreement is based on the EU-Egypt Association Agreement, Donaldson said without divulging further details on the agreement. The UK is particularly\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\/604679","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=604679"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/604679\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/604658"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/604680"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=604679"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=604679"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=604679"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=604679"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=604679"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}