{"id":635678,"date":"2017-12-11T04:09:41","date_gmt":"2017-12-11T04:09:41","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/11\/final-draft-of-the-automotive-directive-coming-in-january\/"},"modified":"2017-12-11T04:09:41","modified_gmt":"2017-12-11T04:09:41","slug":"final-draft-of-the-automotive-directive-coming-in-january","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/11\/final-draft-of-the-automotive-directive-coming-in-january\/","title":{"rendered":"\u201cFinal\u201d draft of the Automotive Directive coming in January"},"content":{"rendered":"

<\/a> LEGISLATION WATCH- \u201cFinal\u201d draft of the Automotive Directive coming in January:<\/strong> 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<\/a> that factoring in input from a German consulting firm hired by the Trade and Industry Ministry was behind the delay in redrafting the bill \u2014 a process he blamed on the division within the auto sector on the incentives provided by the law, which is expected to grant local assemblers incentives to move further up the value chain to manufacturing. Trade and Industry Minister Tarek Kabil had said last month<\/a> that the 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 transport vehicles. Local content requirements for light trucks would peak at 70%. Manufacturers would also receive exemptions from development fees if they produce a certain number of vehicles on an annual basis, or if they export 25-40% of their total output a year.<\/p>\n

Not a moment too soon for auto assemblers, who have started eying expansion abroad: <\/strong>GB Auto Chairman Raouf Ghabbour called on the government to speed up the process on getting the law passed, saying that the delay had contributed to the company holding back on any new investments for the past three years. Ghabbour even implied he was considering expanding abroad, saying that Turkey\u2019s Investment Support and Promotion Agency had offered the company incentives including rebates of up to 20% of the capital invested in an assembly plant there, according to Al Mal<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 Industry Ministry was behind the […]<\/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-635678","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"9519ad5b-6e73-4e51-b16a-09760910afb7","order":"0","is_powered_by":true,"section_story_id":"8a3249c6-70bf-45a0-b5c1-217b090ff895","story_type":"1","photo_url":"","photo_position":"above","related_issue":[635666],"teaser":"","voice_url":""},"yoast_head":"\n\u201cFinal\u201d draft of the Automotive Directive coming in January - 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\/2017\/12\/11\/final-draft-of-the-automotive-directive-coming-in-january\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u201cFinal\u201d draft of the Automotive Directive coming in January\" \/>\n<meta property=\"og:description\" content=\"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. 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We might yet live to see the automotive directive issued in the near future as talks between the Trade and Industry Ministry and the legislation\u2019s detractors appear to be progressing, according to statements by Egyptian Automobile Manufacturers Association (EAMA) head Hussein Moustafa to\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":637788,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/26\/automotive-directive-will-be-issued-in-early-2018-kabil\/","url_meta":{"origin":635678,"position":1},"title":"Automotive Directive will be issued in early 2018 -Kabil","author":"enterpriseam admin","date":"26 November 2017","format":false,"excerpt":"Automotive Directive to be issued in early 2018? The Automotive Directive will \u201csee the light\u201d in early 2018, Trade and Industry Minister Tarek Kabil said yesterday, Al Borsa reports. The government is now putting the \u201cfinal touches\u201d on the draft law and should be sending it to the House of\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":634530,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/17\/german-consultancy-to-conclude-its-assessment-of-automotive-directive-in-one-month\/","url_meta":{"origin":635678,"position":2},"title":"German consultancy to conclude its assessment of Automotive Directive in one month","author":"enterpriseam admin","date":"17 January 2018","format":false,"excerpt":"The German consultancy firm hired to advise on the redrafting of the Automotive Directive should complete its work within a month, sources familiar with the matter tell Al Masry Al Youm. Industrial Development Authority head Ahmed Abdel Razek had said last month that the final draft of the law \u2014\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":635678,"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. The committee will draft the executive regulations to the ministry\u2019s directive from last month that requires 46% of the components\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":632409,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/11\/automotive-directive-to-be-voted-into-law-by-2q2018\/","url_meta":{"origin":635678,"position":4},"title":"Automotive Directive to be voted into law by 2Q2018","author":"enterpriseam admin","date":"11 February 2018","format":false,"excerpt":"LEGISLATION WATCH- Can we please get some clarity on when the Automotive Directive might be ready for debate? In the latest update on the Automotive Directive, unnamed government sources tell Al Borsa that the act is expected to be issued some time in 2Q2018 \u2014 another delay in estimates on\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":642419,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/14\/automotive-directive-could-be-final-by-november-house-industry-committee-chair\/","url_meta":{"origin":635678,"position":5},"title":"Automotive directive could be final by November -House Industry Committee Chair","author":"enterpriseam admin","date":"14 August 2017","format":false,"excerpt":"Could the automotive directive come to pass by November? 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