{"id":625122,"date":"2018-09-27T04:19:15","date_gmt":"2018-09-27T04:19:15","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/27\/dont-expect-car-prices-to-drop-when-tariffs-on-eu-imports-fall-to-zero-says-ghabbour\/"},"modified":"2018-09-27T04:19:15","modified_gmt":"2018-09-27T04:19:15","slug":"dont-expect-car-prices-to-drop-when-tariffs-on-eu-imports-fall-to-zero-says-ghabbour","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/27\/dont-expect-car-prices-to-drop-when-tariffs-on-eu-imports-fall-to-zero-says-ghabbour\/","title":{"rendered":"Don\u2019t expect car prices to drop when tariffs on EU imports fall to zero, says Ghabbour"},"content":{"rendered":"<p><strong>Don\u2019t expect car prices to drop when tariffs on EU imports fall to zero, says Ghabbour:<\/strong> It is unlikely that prices on imported EU vehicles would drop once tariffs on them fall to zero on 1 January, GB Auto Chairman Raouf Ghabbour said at the Automech Formula 2018 conference on Wednesday. Ghabbour pointed to the continued rise in prices that have accompanied every subsequent cut in tariffs on EU and Turkish car imports that came with the agreement with the EU. He cites the price competitiveness of Japan and Korean-made cars in Egypt as evidence that the agreement has failed to lower prices in the automotive sector, <a href=\"https:\/\/almalnews.com\/Story\/391226\/18\/%D8%B1%D8%A1%D9%88%D9%81-%D8%BA%D8%A8%D9%88%D8%B1-%D9%84%D9%80--%D8%A7%D9%84%D9%85%D8%A7%D9%84-%D8%A3%D8%B3%D8%B9%D8%A7%D8%B1-%D8%A7%D9%84%D8%B3%D9%8A%D8%A7%D8%B1%D8%A7%D8%AA-%D8%A7%D9%84%D8%A3%D9%88%D8%B1%D9%88%D8%A8%D9%8A%D8%A9-%D9%84%D9%86-%D8%AA%D9%86%D8%AE%D9%81%D8%B6-\">according to Al Mal<\/a>.<\/p>\n<p><strong>Automotive directive fatigue has set in: <\/strong>Talk of an automotive directive is essentially a moot point at this juncture, Ghabbour added. The measure has been on the drafting table since 2009 as part of a bit to protect the domestic assembly industry against what it says is unfair competition from Turkish, Moroccan and EU imports. The zombie legislation \u2014 originally meant to grant incentives to assemblers to move up the value chain to manufacturing to compete with EU and other imports \u2014 <a href=\"https:\/\/enterprise.press\/stories\/2018\/07\/30\/govt-plans-to-scrap-automotive-directive-and-will-replace-it-with-special-zones\/\">is currently in limbo<\/a>, as the Madbouly Cabinet looks to tweak it. Trade and Industry Minister Amr Nassar <a href=\"https:\/\/enterprise.press\/stories\/2018\/08\/13\/govt-to-have-automotive-directive-ready-by-the-fall\/\">had said last month<\/a> that the ministry is planning to have the automotive directive drafted and ready before the House of Representatives reconvenes for the fall legislative session in October.<\/p>\n<p><strong>Nonetheless, Ghabbour sees prices in Egypt as stabilizing<\/strong>, despite marginal increases of 2-3% on auto parts imported by local assemblers. He sees sales on cars reaching 130-140k by the end of the year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Don\u2019t expect car prices to drop when tariffs on EU imports fall to zero, says Ghabbour: It is unlikely that prices on imported EU vehicles would drop once tariffs on them fall to zero on 1 January, GB Auto Chairman Raouf Ghabbour said at the Automech Formula 2018 conference on Wednesday. Ghabbour pointed to the [&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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-625122","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"240afc3c-46e4-4c2c-8f3a-5982384dc5a9","order":"0","is_powered_by":true,"section_story_id":"9d31a5ab-7c3a-48f0-946d-b14286fe9ffe","story_type":"1","photo_url":"","photo_position":"above","related_issue":[625107],"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>Don\u2019t expect car prices to drop when tariffs on EU imports fall to zero, says Ghabbour - 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\/09\/27\/dont-expect-car-prices-to-drop-when-tariffs-on-eu-imports-fall-to-zero-says-ghabbour\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Don\u2019t expect car prices to drop when tariffs on EU imports fall to zero, says Ghabbour\" \/>\n<meta property=\"og:description\" content=\"Don\u2019t expect car prices to drop when tariffs on EU imports fall to zero, says Ghabbour: It is unlikely that prices on imported EU vehicles would drop once tariffs on them fall to zero on 1 January, GB Auto Chairman Raouf Ghabbour said at the Automech Formula 2018 conference on Wednesday. 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Automobiles imported from the EU will\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":621696,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/15\/gb-auto-aims-to-increase-investments-by-10-15-next-year\/","url_meta":{"origin":625122,"position":2},"title":"GB Auto aims to increase investments by 10-15% next year","author":"enterpriseam admin","date":"15 November 2018","format":false,"excerpt":"INVESTMENT WATCH- GB Auto aims to hike capex by 10-15% next year: GB Auto is hiking its capex spending by 10-15% next year, CEO Raouf Ghabbour told Al Mal. The firm plans to invest up to EGP 500 mn next year in aftersales and other facilities, with the company set\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":599732,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/09\/are-zero-customs-on-eu-cars-helping-lower-prices\/","url_meta":{"origin":625122,"position":3},"title":"Are zero customs on EU cars helping lower prices?","author":"enterpriseam admin","date":"9 January 2019","format":false,"excerpt":"Are zero customs on EU cars helping lower prices? Egypt hosting the 2019 African Cup of Nations (AFCON) dominated the airwaves last night (and we have that coverage in the SR below), but what\u2019s really got us interested is Hona Al Asema\u2019s look at the impact of customs on European\u2026","rel":"","context":"In &quot;Enterprise+: Last Night\u2019s Talk Shows&quot;","block_context":{"text":"Enterprise+: Last Night\u2019s Talk Shows","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":621492,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/11\/has-the-eu-rejected-egypts-proposal-to-delay-delay-0-customs-duties-on-car-imports\/","url_meta":{"origin":625122,"position":4},"title":"Has the EU rejected Egypt\u2019s proposal to delay delay 0% customs duties on car imports?","author":"enterpriseam admin","date":"11 November 2018","format":false,"excerpt":"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\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":623173,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/24\/egypt-formally-requests-pushing-back-zero-tariffs-on-eu-car-imports\/","url_meta":{"origin":625122,"position":5},"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 &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\/625122","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=625122"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/625122\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/625107"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=625122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=625122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=625122"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=625122"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=625122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}