{"id":632688,"date":"2018-02-18T04:22:50","date_gmt":"2018-02-18T04:22:50","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/18\/local-component-requirements-for-automotive-directive-are-being-revised-minister\/"},"modified":"2018-02-18T04:22:50","modified_gmt":"2018-02-18T04:22:50","slug":"local-component-requirements-for-automotive-directive-are-being-revised-minister","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/18\/local-component-requirements-for-automotive-directive-are-being-revised-minister\/","title":{"rendered":"Local component requirements for Automotive Directive are being revised -Minister"},"content":{"rendered":"

<\/a> LEGISLATION WATCH- Local component requirements for Automotive Directive are being revised: <\/strong>Trade and Industry Minister Tarek Kabil said yesterday that the minimum local component requirements that would make producers eligible for incentives under the Automotive Directive are being revised, according to a ministry statement (pdf)<\/a>. Kabil had said last November that auto manufacturers would be eligible for incentives if they are able to meet a minimum local component requirement of 45%, which over the course of eight years would rise to 60% for personal vehicles and smaller of group commercial vehicles. Local content requirements for light trucks would peak at 70%.<\/p>\n

Timeline unclear: <\/strong>Kabil did not hint at a timeline for the bill to be introduced in the House or provide any other details. The Automotive Directive, which means to encourage local assemblers to move further up the value chain into manufacturing in return for incentives that would not be enjoyed by cheaper imports from the EU, Morocco and Turkey, has been stalled for months while a German consultancy firm advises on its redrafting<\/a>. The latest from the rumor mill<\/a> had claimed that the bill should be ready by 2Q2018.<\/p>\n

The minister\u2019s statements came during the inauguration of Belarusian state-run automotive manufacturer Minsk Automobile Plant\u2019s (MAZ) <\/strong>new truck production line<\/strong><\/a> in Egypt, which has launched under a joint venture agreement with the Helwan Machinery and Equipment Manufacturing Company.<\/p>\n","protected":false},"excerpt":{"rendered":"

LEGISLATION WATCH- Local component requirements for Automotive Directive are being revised: Trade and Industry Minister Tarek Kabil said yesterday that the minimum local component requirements that would make producers eligible for incentives under the Automotive Directive are being revised, according to a ministry statement (pdf). Kabil had said last November that auto manufacturers would be […]<\/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-632688","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"f4b4571e-8f52-4b72-a30e-e416d875e4c2","order":"0","is_powered_by":true,"section_story_id":"2478d628-47cc-4244-a7bd-b3c0d7e950cd","story_type":"1","photo_url":"","photo_position":"above","related_issue":[632672],"teaser":"","voice_url":""},"yoast_head":"\nLocal component requirements for Automotive Directive are being revised -Minister - 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\/18\/local-component-requirements-for-automotive-directive-are-being-revised-minister\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Local component requirements for Automotive Directive are being revised -Minister\" \/>\n<meta property=\"og:description\" content=\"LEGISLATION WATCH- Local component requirements for Automotive Directive are being revised: Trade and Industry Minister Tarek Kabil said yesterday that the minimum local component requirements that would make producers eligible for incentives under the Automotive Directive are being revised, according to a ministry statement (pdf). Kabil had said last November that auto manufacturers would be […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/18\/local-component-requirements-for-automotive-directive-are-being-revised-minister\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-02-18T04:22:50+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=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/18\/local-component-requirements-for-automotive-directive-are-being-revised-minister\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/18\/local-component-requirements-for-automotive-directive-are-being-revised-minister\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Local component requirements for Automotive Directive are being revised -Minister\",\"datePublished\":\"2018-02-18T04:22:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/18\/local-component-requirements-for-automotive-directive-are-being-revised-minister\/\"},\"wordCount\":237,\"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\/18\/local-component-requirements-for-automotive-directive-are-being-revised-minister\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/18\/local-component-requirements-for-automotive-directive-are-being-revised-minister\/\",\"name\":\"Local component requirements for Automotive Directive are being revised -Minister - 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The Automotive Directive will \u201csee the light\u201d in early 2018, Trade and Industry Minister Tarek Kabil said yesterday, Al Borsa reports. 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The decision also mandates\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":635678,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/11\/final-draft-of-the-automotive-directive-coming-in-january\/","url_meta":{"origin":632688,"position":2},"title":"\u201cFinal\u201d draft of the Automotive Directive coming in January","author":"enterpriseam admin","date":"11 December 2017","format":false,"excerpt":"LEGISLATION WATCH- \u201cFinal\u201d draft of the Automotive Directive coming in January: A final draft of the long-awaited Automotive Directive will be ready next month, said Industry Development Authority head Ahmed Abdel Razek. He tells Al Mal that factoring in input from a German consulting firm hired by the Trade and\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":629046,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/21\/trade-minister-forms-local-automotive-manufacturing-committee\/","url_meta":{"origin":632688,"position":3},"title":"Trade Minister forms local automotive manufacturing committee","author":"enterpriseam admin","date":"21 May 2018","format":false,"excerpt":"Another step toward the Automotive Directive? Trade Minister Tarek Kabil issued yesterday a decree forming a committee in charge of implementing higher local content requirements for domestic assemblers and manufacturers. 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The Trade and Industry Ministry plans to hold a meeting today with a number of auto companies to discuss an order issued by minister Tarek Kabil last month on local content that is widely considered to be a forerunner to the Automotive\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":651916,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/23\/peugeot-citroen-makes-automotive-directive-a-condition-for-investing-in-egypt\/","url_meta":{"origin":632688,"position":5},"title":"Peugeot-Citro\u00ebn makes automotive directive a condition for investing in Egypt","author":"enterpriseam admin","date":"23 February 2017","format":false,"excerpt":"Peugeot-Citro\u00ebn, which had made the automotive directive a condition for its investment in Egypt, has now added the Investment Act to the bundle, Ahram Gate says. 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