{"id":638608,"date":"2017-10-10T03:46:18","date_gmt":"2017-10-10T03:46:18","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/10\/house-industry-committees-fall-agenda-to-include-automotive-directive-amendments-to-the-industry-act\/"},"modified":"2017-10-10T03:46:18","modified_gmt":"2017-10-10T03:46:18","slug":"house-industry-committees-fall-agenda-to-include-automotive-directive-amendments-to-the-industry-act","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/10\/house-industry-committees-fall-agenda-to-include-automotive-directive-amendments-to-the-industry-act\/","title":{"rendered":"House Industry Committee\u2019s fall agenda to include Automotive Directive, amendments to the Industry Act"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>House Industry Committee looks at legislation to boost local components in domestic manufacturing:<\/strong> The House of Representatives\u2019 Industry Committee will start hearings on key legislation including amendments to the Industry Act that will enforce a higher quota for local components in manufacturing, said the committee\u2019s chair Ahmed Samir. The legislation would also <strong>tighten and enshrine a \u201cbuy Egyptian\u201d requirement for government<\/strong>, <a href=\"http:\/\/www.almalnews.com\/Story\/348610\/19\/%D8%B5%D9%86%D8%A7%D8%B9%D8%A9-%D8%A7%D9%84%D9%86%D9%88%D8%A7%D8%A8-%D8%AA%D8%B9%D8%AF%D9%8A%D9%84-%D9%82%D8%A7%D9%86%D9%88%D9%86-%D8%A3%D9%81%D8%B6%D9%84%D9%8A%D8%A9-%D8%A7%D9%84%D9%85%D9%86%D8%AA%D8%AC-%D8%A7%D9%84%D9%85%D8%AD%D9%84%D9%8A-\">Samir tells Al Mal<\/a>.<\/p>\n<p><strong>This direction by the committee bodes well for the long-dormant Automotive Directive<\/strong>, which Samir said would also be a top priority for the committee. Bolstering domestic component quotas is in keeping with the spirit of the Automotive Directive, which would give assemblers incentives to go further up the value chain into manufacturing, while giving them a measure of protection against what they say are unfair benefits enjoyed by Turkish, EU and Moroccan imports. We anticipate the automotive directive will receive support from committee members despite the best lobbying efforts by auto importers who have worked hard to stall progress on the bill so far.<\/p>\n<p><strong>The committee will also look at changes to the Mineral Resources Act,<\/strong> especially considering that Federation of Egyptian Chambers of Commerce\u2019s quarries division plans to lobby the committee hard on amending the executive regulations of the Act. According to the division\u2019s head Ibrahim Ghaly, quarry operators wants to see licensing fees, royalties and tolls payable to the state cut by 50%. They are also angling for longer minimum concession periods.<\/p>\n<p><strong>Background on the Mineral Resources Act regs:<\/strong> The law and its executive regulations have been with the House for at least six months now with little progress and no media attention. It is unclear why the regs were sent to the House as well \u2014 MPs typically have no voice in them. <a href=\"https:\/\/alborsanews.com\/2017\/10\/09\/1056645\">According to Al Borsa<\/a>, the executive regulations will propose raising fees on quarries between 300-747% depending on the mineral. Leasing quarries from the state will cost EGP 7-9 per sqm annually with a EGP 10,000 downpayment. Concessions will be granted for only one year, while the state is obliged to issue licenses in four months.<\/p>\n<p>Other items on the committee's agenda will include <strong>looking at legislation to IPO failing state-owned factories<\/strong>.<\/p>\n<p>Also at the House today, <strong>the Economics Committee is expected to begin reviewing the amended Consumer Protection Act, <\/strong><a href=\"http:\/\/almalnews.com\/Story\/348656\/19\/%D8%A3%D8%AC%D9%86%D8%AF%D8%A9-%D8%A7%D9%84%D8%A3%D8%AD%D8%AF%D8%A7%D8%AB-%D8%A7%D9%84%D8%B3%D9%8A%D8%A7%D8%B3%D9%8A%D8%A9-%D8%A7%D9%84%D8%AB%D9%84%D8%A7%D8%AB%D8%A7%D8%A1-10-%D8%A3%D9%83%D8%AA%D9%88%D8%A8%D8%B1\">according to Al Mal<\/a>. The Ismail Cabinet had <a href=\"https:\/\/enterprise.press\/stories\/2017\/06\/18\/cabinet-approves-minor-amendments-to-consumer-protection-act-nile-traffic-bill-and-others-during-weekly-meeting\/\">signed off on the bill in June<\/a>, amid worries that it includes provisions that would allow the government to set price controls on certain goods.<\/p>\n<p>In other House news, <strong>Talaat Elsewedy has been selected to chair the House of Representatives\u2019 Energy and Environment Committee<\/strong> after Mohamed Rashwan\u2019s election last week was contested, according to <a href=\"http:\/\/www.egynews.net\/1658863\/%D8%B9%D8%A8%D8%AF-%D8%A7%D9%84%D8%B9%D8%A7%D9%84-%D9%8A%D8%B9%D9%84%D9%86-%D9%86%D8%AA%D9%8A%D8%AC%D8%A9-%D9%84%D8%AC%D9%86%D8%AA%D9%89-%D8%A7%D9%84%D8%B7%D8%A7%D9%82%D8%A9-%D9%88%D8%A7%D9%84%D8%A3\/\">state news outlet EgyNews<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>House Industry Committee looks at legislation to boost local components in domestic manufacturing: The House of Representatives\u2019 Industry Committee will start hearings on key legislation including amendments to the Industry Act that will enforce a higher quota for local components in manufacturing, said the committee\u2019s chair Ahmed Samir. The legislation would also tighten and enshrine [&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-638608","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"e60c07e3-ff0e-4fd7-97b0-a16815348b55","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[638601],"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>House Industry Committee\u2019s fall agenda to include Automotive Directive, amendments to the Industry 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\/2017\/10\/10\/house-industry-committees-fall-agenda-to-include-automotive-directive-amendments-to-the-industry-act\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"House Industry Committee\u2019s fall agenda to include Automotive Directive, amendments to the Industry Act\" \/>\n<meta property=\"og:description\" content=\"House Industry Committee looks at legislation to boost local components in domestic manufacturing: The House of Representatives\u2019 Industry Committee will start hearings on key legislation including amendments to the Industry Act that will enforce a higher quota for local components in manufacturing, said the committee\u2019s chair Ahmed Samir. 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The automotive directive could be issued by November, House Industry Committee Chair Ahmed Samir tells Al Borsa. The committee aims to pass the bill \u2014 which will offer incentives to encourage local assemblers to move further up the value chain into\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":631884,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/29\/house-industry-committee-looking-to-encourage-increasing-domestic-component-quotas-in-industry-act\/","url_meta":{"origin":638608,"position":1},"title":"House Industry Committee looking to encourage increasing domestic component quotas in Industry Act","author":"enterpriseam admin","date":"29 March 2018","format":false,"excerpt":"LEGISLATION WATCH- House Industry Committee wants to raise minimum domestic content needed for anything to qualify as \u201cmade in Egypt.\u201d The House of Representatives\u2019 Industry Committee is currently discussing amendments to the Industry Act with eye to providing incentives to increase domestic component requirements for manufacturing, committee chair Ahmed Samir\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":652493,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/11\/house-postpones-discussions-on-automotive-directive-pending-further-study\/","url_meta":{"origin":638608,"position":2},"title":"House postpones discussions on automotive directive pending further study","author":"enterpriseam admin","date":"11 January 2017","format":false,"excerpt":"House puts discussion of automotive directive on hold pending further study: The House of Representatives\u2019 Industry Committee has decided to postpone discussions on the automotive directive pending further study, Al Borsa reported. The hope is to come up with a bill that \u201cwould satisfy all industry stakeholders,\u201d an MP said,\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":646318,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/12\/trade-and-industry-ministry-form-committee-to-resolve-issues-with-the-automotive-directive\/","url_meta":{"origin":638608,"position":3},"title":"Trade and Industry Ministry form committee to resolve issues with the automotive directive","author":"enterpriseam admin","date":"12 June 2017","format":false,"excerpt":"Trade and Industry Ministry forms committee to break deadlock over automotivedirective: The Trade and Industry Ministry is forming a committee of Federation of Egyptian Industries and Industrial Development Authority (IDA) officials to look into resolving the deadlock on the automotive directive, Al Borsa reported last Thursday. The move is 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":637788,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/26\/automotive-directive-will-be-issued-in-early-2018-kabil\/","url_meta":{"origin":638608,"position":4},"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 &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":642673,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/20\/no-consensus-on-the-automotive-directive-risks-delaying-passing-the-act-till-after-november\/","url_meta":{"origin":638608,"position":5},"title":"No consensus on the automotive directive risks delaying passing the act till after November","author":"enterpriseam admin","date":"20 August 2017","format":false,"excerpt":"The lack of consensus within the auto industry on the automotive directive appears to be showing no signs of improvement. This is the primary reason cited by auto industry insiders who spoke to Al Shorouk as to why they doubt statements by House Industry Committee Chair Ahmed Samir that the\u2026","rel":"","context":"In &quot;Automotive + Transportation&quot;","block_context":{"text":"Automotive + Transportation","link":"https:\/\/enterpriseam.com\/egypt\/category\/automotive-transportation\/"},"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\/638608","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=638608"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/638608\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/638601"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=638608"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=638608"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=638608"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=638608"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=638608"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}