{"id":604721,"date":"2018-12-11T04:17:11","date_gmt":"2018-12-11T04:17:11","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/11\/pm-vows-to-resolve-issue-of-overdue-export-subsidy-payments\/"},"modified":"2018-12-11T04:17:11","modified_gmt":"2018-12-11T04:17:11","slug":"pm-vows-to-resolve-issue-of-overdue-export-subsidy-payments","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/11\/pm-vows-to-resolve-issue-of-overdue-export-subsidy-payments\/","title":{"rendered":"PM vows to resolve issue of overdue export subsidy payments"},"content":{"rendered":"<p><b>PM vows to end delays in payment of export subsidies: <\/b>Prime Minister Moustafa Madbouly has vowed to resolve the issue of overdue export subsidy payments and keep track of delays with the help of the finance ministry, Edita Chairman and Food Export Council Head <a href=\"https:\/\/www.almalnews.com\/Story\/402271\/14\/%D8%B1%D8%A6%D9%8A%D8%B3-%D8%A7%D9%84%D8%AD%D9%83%D9%88%D9%85%D8%A9-%D9%8A%D8%B9%D8%AF-%D8%A8%D8%AC%D8%AF%D9%88%D9%84%D8%A9-%D9%85%D8%AA%D8%A3%D8%AE%D8%B1%D8%A7%D8%AA-%D8%AF%D8%B9%D9%85-%D8%A7%D9%84%D8%B5%D8%A7%D8%AF%D8%B1%D8%A7%D8%AA\">Hani Berzi told Al Mal<\/a>. The PM made his remarks at a meeting with exporters on Monday.<\/p>\n<p><b>Background: <\/b>Exporters claim the Trade Ministry has for over two years fallen short of its promise to pay out 8-12% of the value of exports to companies through its Export Subsidy Fund. It disbursed <a href=\"https:\/\/enterprise.press\/stories\/2018\/11\/21\/egypt-releases-egp-504-mn-in-export-subsidy-funds\/\">EGP 504 mn<\/a> last month though after exporters, who claim they\u2019re owed up to EGP 12 bn, <a href=\"https:\/\/enterprise.press\/stories\/2018\/11\/18\/whats-happening-with-the-promised-release-of-export-subsidy-funds-ask-egypts-exporters\/\">released a statement<\/a> urging the government to take action. The Federation of Egyptian Industries (FEI) had <a href=\"https:\/\/www.masrawy.com\/news\/news_economy\/details\/2018\/10\/4\/1438225\/-%D8%A7%D9%84%D8%AD%D9%83%D9%88%D9%85%D8%A9-%D8%AA%D8%AF%D8%B1%D8%B3-%D9%85%D9%82%D8%AA%D8%B1%D8%AD-%D8%A7-%D9%84%D8%A5%D8%AC%D8%B1%D8%A7%D8%A1-%D9%85%D9%82%D8%A7%D8%B5%D8%A9-%D9%84%D9%85%D8%AA%D8%A3%D8%AE%D8%B1%D8%A7%D8%AA-%D8%A7%D9%84%D9%85%D8%B3%D8%A7%D9%86%D8%AF%D8%A9-%D8%A7%D9%84%D8%AA%D8%B5%D8%AF%D9%8A%D8%B1%D9%8A%D8%A9-%D9%84%D9%84%D8%B4%D8%B1%D9%83%D8%A7%D8%AA\">proposed tax and custom breaks<\/a> as an alternative solution.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PM vows to end delays in payment of export subsidies: Prime Minister Moustafa Madbouly has vowed to resolve the issue of overdue export subsidy payments and keep track of delays with the help of the finance ministry, Edita Chairman and Food Export Council Head Hani Berzi told Al Mal. The PM made his remarks at [&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":[97,7106,72,916,7087,2395,2394,281,100,2380,132],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-604721","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-agriculture","tag-debt","tag-enterpriseam","tag-federation-of-egyptian-industries","tag-finance","tag-food-export-council","tag-hani-berzi","tag-moustafa-madbouly","tag-policy","tag-speed-round","tag-trade","wpautop","entry"],"acf":{"mongo_id":"9e07f654-07cc-465c-bb4e-3618fc5ea1ee","order":"0","is_powered_by":true,"section_story_id":"f5d228db-a8cd-40e5-ab48-837d230ef3b1","story_type":"1","photo_url":"","photo_position":"above","related_issue":[604710],"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>PM vows to resolve issue of overdue export subsidy payments - 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\/2018\/12\/11\/pm-vows-to-resolve-issue-of-overdue-export-subsidy-payments\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PM vows to resolve issue of overdue export subsidy payments\" \/>\n<meta property=\"og:description\" content=\"PM vows to end delays in payment of export subsidies: Prime Minister Moustafa Madbouly has vowed to resolve the issue of overdue export subsidy payments and keep track of delays with the help of the finance ministry, Edita Chairman and Food Export Council Head Hani Berzi told Al Mal. 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According to Kouchouk, agreements with 77 companies have so far been signed to settle EGP 6.5 bn-worth of overdues in exchange for expansions and\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\/2020\/2\/149.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":568679,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/30\/madbouly-directs-officials-to-speed-up-overdue-payments-for-egyptian-exporters\/","url_meta":{"origin":604721,"position":2},"title":"Madbouly directs officials to speed up overdue payments for Egyptian exporters","author":"enterpriseam admin","date":"30 January 2020","format":false,"excerpt":"Madbouly directs officials to speed up overdue export subsidy payments: Larger exporters will receive an additional 10% of their outstanding export subsidy dues and smaller companies owed less than EGP 5 mn will get their dues paid in full, under a decision taken yesterday by Prime Minister Moustafa Madbouly. The\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\/2020\/1\/768.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":593288,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/24\/cabinet-approves-disbursal-of-egp-500-mn-in-overdue-subsidies-to-egyptian-exporters\/","url_meta":{"origin":604721,"position":3},"title":"Cabinet approves disbursal of EGP 500 mn in overdue subsidies to Egyptian exporters","author":"enterpriseam admin","date":"24 November 2019","format":false,"excerpt":"CABINET WATCH- Ministers approve disbursal of EGP 500 mn in overdue export subsidies: The Madbouly Cabinet signed off on disbursing EGP 500 mn in overdue subsidies owed to Egyptian exporters that have committed to expanding their investments, according to an official statement. Exporters are owed bns of overdue subsidies under\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":568801,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/04\/egypt-settles-overdue-export-subsidies-with-31-companies\/","url_meta":{"origin":604721,"position":4},"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 &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\/2020\/2\/53.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":621743,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/18\/whats-happening-with-the-promised-release-of-export-subsidy-funds-ask-egypts-exporters\/","url_meta":{"origin":604721,"position":5},"title":"What\u2019s happening with the promised release of export subsidy funds, ask Egypt\u2019s exporters","author":"enterpriseam admin","date":"18 November 2018","format":false,"excerpt":"What\u2019s happening with the promised release of export subsidy payments, ask Egypt\u2019s exporters: Egyptian exporters frustrated by what they feel is a lack of action from the government on releasing long-overdue export subsidies are urging Prime Minister Moustafa Madbouly to take action. 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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/604721","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=604721"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/604721\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/604710"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=604721"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=604721"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=604721"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=604721"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=604721"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}