{"id":621492,"date":"2018-11-11T04:24:53","date_gmt":"2018-11-11T04:24:53","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/11\/has-the-eu-rejected-egypts-proposal-to-delay-delay-0-customs-duties-on-car-imports\/"},"modified":"2018-11-11T04:24:53","modified_gmt":"2018-11-11T04:24:53","slug":"has-the-eu-rejected-egypts-proposal-to-delay-delay-0-customs-duties-on-car-imports","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/11\/has-the-eu-rejected-egypts-proposal-to-delay-delay-0-customs-duties-on-car-imports\/","title":{"rendered":"Has the EU rejected Egypt\u2019s proposal to delay delay 0% customs duties on car imports?"},"content":{"rendered":"

<\/a> Has the EU rejected Egypt\u2019s proposal to delay 0% customs duties on car imports? <\/strong>Egypt will cut tariffs on European cars to zero starting from January 1, 2019, under a trade agreement between Egypt and the European Union, EU Ambassador to Egypt Ivan Surkos reportedly said on Thursday, according to Youm7<\/a>. The government apparently confirmed at a meeting of European-Egyptian Partnership Committee that tariffs would fall to zero, Surkos said.<\/p>\n

Background: <\/strong>The report doesn\u2019t make clear whether the EU rejected a Trade and Industry Ministry proposal \u2014 revealed to us by government officials<\/a> \u2014 to delay 0% customs on EU cars for another 1-2 years, or whether the ministry decided to pull the proposal. Sources had told us that there is a strong possibility that the EU would accept the request.<\/p>\n

The Finance Ministry hasn\u2019t yet been officially notified that customs are to fall to zero on 1 January<\/strong>, Magdy Abdel Aziz, an advisor to the finance minister on customs affairs, said on Masaa DMC yesterday. The notice may not arrive until one week before the decision comes into effect, he noted (watch, runtime: 13:28<\/a>). Abdel Aziz neither confirmed nor denied the Youm7 report.<\/p>\n

Where do things stand with the automotive directive?<\/strong> The idea of delaying the customs cut came after it was revealed that the government was overhauling the stalled automotive directive law \u2014 legislation that would give incentives to local assemblers to move up the value chain to manufacturing in return for tax breaks that would give them an ongoing price edge against EU, Turkish and Moroccan-made imports. Sources had told us that the government was reworking the incentives system in the law from a general, nationwide system to a program of auto freezones.<\/p>\n

Is Ghana going to get an automotive directive before us?<\/strong> Ghana pledged to draw up a policy that will govern a future automotive sector as it looks to attract some of the biggest names in the global industry, Bloomberg reports<\/a>. \u201cThe auto policy will be in place before the end of the year,\u201d Trade and Industry Minister Alan Kyerematen said last Tuesday. The pledge was part of an agreement with Nissan Motors to build an assembly and manufacturing plant in Ghana, which has signed agreements with Volkswagen AG and China\u2019s Sinotruk International in the last three months. A number of auto companies had said they would consider opening plants in Egypt should the automotive directive be approved. The Ghana auto industry policy is one of several on the continent, which has helped turn Africa into an auto manufacturing hub, as noted by the Wall Street Journal<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Has the EU rejected Egypt\u2019s proposal to delay 0% customs duties on car imports? Egypt will cut tariffs on European cars to zero starting from January 1, 2019, under a trade agreement between Egypt and the European Union, EU Ambassador to Egypt Ivan Surkos reportedly said on Thursday, according to Youm7. The government apparently confirmed […]<\/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":[144,357,309,72,7192,2380,132],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-621492","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-automotive","tag-automotive-directive","tag-customs","tag-enterpriseam","tag-eu","tag-speed-round","tag-trade","wpautop","entry"],"acf":{"mongo_id":"99e910c1-31e4-4f92-9edc-1121cd4c775a","order":"0","is_powered_by":true,"section_story_id":"7947d505-d0aa-4e56-9109-090071099418","story_type":"1","photo_url":"","photo_position":"above","related_issue":[621485],"teaser":"","voice_url":""},"yoast_head":"\nHas the EU rejected Egypt\u2019s proposal to delay delay 0% customs duties on car imports? - 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\/11\/11\/has-the-eu-rejected-egypts-proposal-to-delay-delay-0-customs-duties-on-car-imports\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Has the EU rejected Egypt\u2019s proposal to delay delay 0% customs duties on car imports?\" \/>\n<meta property=\"og:description\" content=\"Has the EU rejected Egypt\u2019s proposal to delay 0% customs duties on car imports? 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A senior government official tells us the trade and finance ministries are studying a proposal that would impose a 10-20% \u201cdevelopment fee\u201d on all car sales \u2014 but then offset these for locally assembled or manufactured vehicles, which would be eligible for discounts\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":623173,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/24\/egypt-formally-requests-pushing-back-zero-tariffs-on-eu-car-imports\/","url_meta":{"origin":621492,"position":1},"title":"Egypt formally requests pushing back zero tariffs on EU car imports","author":"enterpriseam admin","date":"24 October 2018","format":false,"excerpt":"** #2 EXCLUSIVE- Egypt has formally asked the EU for permission to delay 0% customs duties on car imports. The Trade and Industry Ministry has formally requested that Brussels allow Cairo to wait another 1-2 years before cutting to 0% the duties on European Union-assembled cars brought into Egypt. We\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":647079,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/02\/automotive-directive-violates-egypts-european-ftas-surkos\/","url_meta":{"origin":621492,"position":2},"title":"Automotive directive violates Egypt\u2019s European FTAs -Surko\u0161","author":"enterpriseam admin","date":"2 May 2017","format":false,"excerpt":"EU delegation brassed-off about \u2018automotive directive\u2019: The proposed automotive directive, which given cash incentives to Egyptian car assemblers who go further up value chain into manufacturing, would violate the terms of Egypt\u2019s free trade agreement the European Union, EU Mission Chief to Egypt Ivan Surko\u0161 told reporters on Sunday, Al\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":624914,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/23\/tariffs-on-eu-cars-will-still-fall-to-zero-next-year-says-nassar\/","url_meta":{"origin":621492,"position":3},"title":"Tariffs on EU cars will still fall to zero next year, says Nassar","author":"enterpriseam admin","date":"23 September 2018","format":false,"excerpt":"**#3 EXCLUSIVE- Tariffs on EU cars will still fall to zero next year, says Nassar: Trade and Industry Minister Amr Nassar told Enterprise overnight that the government has no plan to put on hold a tariff cut on cars imported from the European Union. Automobiles imported from the EU will\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":574307,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/06\/1500-1600cc-passenger-cars-not-covered-by-eu-zero-customs-trade-agreement\/","url_meta":{"origin":621492,"position":4},"title":"1500-1600cc passenger cars not covered by EU zero-customs trade agreement","author":"enterpriseam admin","date":"6 September 2020","format":false,"excerpt":"If you were hoping diesel cars would be included in the EU customs trade agreement, forget about it: Imports of diesel and semi-diesel-powered 1500-1600cc passenger cars from the European Union are not part of the zero-customs trade agreement we signed with the EU, which saw customs on EU imports fall\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":591613,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/11\/is-egypts-auto-manufacturing-incentives-package-coming-out-of-hibernation-soon\/","url_meta":{"origin":621492,"position":5},"title":"Is Egypt\u2019s auto manufacturing incentives package coming out of hibernation soon?","author":"enterpriseam admin","date":"11 December 2019","format":false,"excerpt":"LEGISLATION WATCH- Is the auto manufacturing incentives package finally going to emerge from months of hibernation? Proposed amendments to the Customs Act that will provide customs discounts to car manufacturers in return for increasing their use of local components will be sent to the House of Representatives \u201csoon\u201d for review\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\/621492","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=621492"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/621492\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/621485"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=621492"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=621492"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=621492"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=621492"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=621492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}