{"id":632351,"date":"2018-02-08T04:21:06","date_gmt":"2018-02-08T04:21:06","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/08\/cabinet-gives-preliminary-nod-to-pharma-regulator-act-approved-amended-customs-act\/"},"modified":"2018-02-08T04:21:06","modified_gmt":"2018-02-08T04:21:06","slug":"cabinet-gives-preliminary-nod-to-pharma-regulator-act-approved-amended-customs-act","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/08\/cabinet-gives-preliminary-nod-to-pharma-regulator-act-approved-amended-customs-act\/","title":{"rendered":"Cabinet gives preliminary nod to Pharma Regulator Act, approved amended Customs Act"},"content":{"rendered":"<p><strong>The Ismail Cabinet granted preliminary approval yesterday to the Pharma Regulator Act<\/strong>, <a href=\"http:\/\/www.cabinet.gov.eg\/Arabic\/MediaCenter\/CabinetNews\/Pages\/-the-Council-of-Ministers-meeting-No.-108.aspx\">according to an official statement<\/a>. The legislation would establish three separate bodies to regulate the pharma sector: The <strong>Supreme Council for Medicine and Medical Technology<\/strong> to set and implement overarching policies for the sector; the <strong>Egyptian Medical Technology Authority<\/strong> to oversee the procurement of pharmaceutical products and medical equipment; and the <strong>Egyptian Medical Authority <\/strong>to oversee the manufacturing, sale, and import of human and veterinary medicine. Plans for the Pharma Regulator Act have been in the works since early 2016, when widespread reports of meds shortages led the House Healthcare Committee to announce it was drafting a bill to establish a new market regulator.<\/p>\n<p><strong>Cabinet also signed off during its weekly meeting on the new Customs Act<\/strong>. Amendments to the legislation would widen the scope of goods eligible for temporary exemption of customs taxes and other fees, and bar the release of goods without approval from the Customs Authority. The amendments would also unify additional customs fees and taxes, and reduce the maximum amount of time for fee and tax exemptions to two years, down from four. Additionally, the legislation would reduce the maximum amount of time allotted for the withdrawal of unclaimed inventory to three months, down from two years.<\/p>\n<p><strong>The ministers also agreed to set up a Supreme Authority for Upper Egypt Development<\/strong>. The new body, which will be based in Aswan, will be mandated with drafting a holistic strategy for the economic, social, and urban development of regional areas.<\/p>\n<p>Also approved yesterday:<\/p>\n<ul>\n<li><strong>BP and Apache concession agreements<\/strong> in the Northeast Ramadan Concession in the Gulf of Suez and the East Bahariya Concession in the Western Desert, respectively;<\/li>\n<li><strong>The establishment of the National Council for Persons with Disabilities<\/strong>, which will replace the National Council for Disability Affairs.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The Ismail Cabinet granted preliminary approval yesterday to the Pharma Regulator Act, according to an official statement. The legislation would establish three separate bodies to regulate the pharma sector: The Supreme Council for Medicine and Medical Technology to set and implement overarching policies for the sector; the Egyptian Medical Technology Authority to oversee the procurement [&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-632351","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"9d41e2eb-a972-443a-82d5-94255f5813df","order":"0","is_powered_by":true,"section_story_id":"151d6a83-f210-41f3-91ce-87d21031861f","story_type":"1","photo_url":"","photo_position":"above","related_issue":[632335],"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>Cabinet gives preliminary nod to Pharma Regulator Act, approved amended Customs Act - 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\/02\/08\/cabinet-gives-preliminary-nod-to-pharma-regulator-act-approved-amended-customs-act\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cabinet gives preliminary nod to Pharma Regulator Act, approved amended Customs Act\" \/>\n<meta property=\"og:description\" content=\"The Ismail Cabinet granted preliminary approval yesterday to the Pharma Regulator Act, according to an official statement. The legislation would establish three separate bodies to regulate the pharma sector: The Supreme Council for Medicine and Medical Technology to set and implement overarching policies for the sector; the Egyptian Medical Technology Authority to oversee the procurement [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/08\/cabinet-gives-preliminary-nod-to-pharma-regulator-act-approved-amended-customs-act\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-02-08T04:21:06+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/08\/cabinet-gives-preliminary-nod-to-pharma-regulator-act-approved-amended-customs-act\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/08\/cabinet-gives-preliminary-nod-to-pharma-regulator-act-approved-amended-customs-act\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Cabinet gives preliminary nod to Pharma Regulator Act, approved amended Customs Act\",\"datePublished\":\"2018-02-08T04:21:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/08\/cabinet-gives-preliminary-nod-to-pharma-regulator-act-approved-amended-customs-act\/\"},\"wordCount\":312,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/08\/cabinet-gives-preliminary-nod-to-pharma-regulator-act-approved-amended-customs-act\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/08\/cabinet-gives-preliminary-nod-to-pharma-regulator-act-approved-amended-customs-act\/\",\"name\":\"Cabinet gives preliminary nod to Pharma Regulator Act, approved amended Customs Act - 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The bill would establish three separate bodies to regulate the pharma sector: 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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":634195,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/09\/house-agenda-includes-legislation-on-new-pharma-regulator-ride-hailing-apps-cybercrimes-victims-of-terrorism-quota-for-women-in-the-judiciary-among-others\/","url_meta":{"origin":632351,"position":1},"title":"House agenda includes legislation on new pharma regulator, ride-hailing apps, cybercrimes, victims of terrorism, quota for women in the judiciary, among others","author":"enterpriseam admin","date":"9 January 2018","format":false,"excerpt":"LEGISLATION WATCH- The House of Representatives\u2019 winter agenda includes legislation on new pharma regulator, ride-hailing apps, cybercrimes, victims of terrorism, quota for women in the judiciary, among others, according to stories out yesterday.Law establishing new pharma sector regulator with cabinet next week: A draft law establishing a regulator for 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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":630843,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/04\/customs-act-regs-ready-to-be-issued-as-soon-as-law-is-passed\/","url_meta":{"origin":632351,"position":2},"title":"Customs Act regs ready to be issued as soon as law is passed","author":"enterpriseam admin","date":"4 March 2018","format":false,"excerpt":"LEGISLATION WATCH- The executive regulations of the new Customs Act have been drafted and are ready to be issued as soon as the law passed, Customs Authority head Magdy Abdel Aziz said, Youm7 reports. The law, which received approval from the Ismail Cabinet in early February, would slash customs duties\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":637835,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/27\/the-universal-healthcare-act-will-impose-a-tithe-on-basic-commodities-and-materials\/","url_meta":{"origin":632351,"position":3},"title":"The Universal Healthcare Act will impose a tithe on basic commodities and materials","author":"enterpriseam admin","date":"27 November 2017","format":false,"excerpt":"LEGISLATION WATCH- The Universal Healthcare Act will impose a tithe on basic commodities and materials \u2014 and business is furious: It would appear that the healthcare sector is not the only industry that will paying a fee to help fund the state\u2019s proposed EGP 600 bn health coverage plan. 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