{"id":640960,"date":"2017-09-10T04:06:44","date_gmt":"2017-09-10T04:06:44","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/10\/egypt-mercosur-fta-will-hamper-domestic-production-of-auto-spare-parts-says-feis-transport-division\/"},"modified":"2017-09-10T04:06:44","modified_gmt":"2017-09-10T04:06:44","slug":"egypt-mercosur-fta-will-hamper-domestic-production-of-auto-spare-parts-says-feis-transport-division","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/10\/egypt-mercosur-fta-will-hamper-domestic-production-of-auto-spare-parts-says-feis-transport-division\/","title":{"rendered":"Egypt-Mercosur FTA will hamper domestic production of auto spare parts, says FEI\u2019s transport division"},"content":{"rendered":"

<\/a> Is the Mercosur FTA bad news for the domestic auto industry?<\/strong> Egypt\u2019s trade liberalization agreement with Mercosur countries \u2014 which lifts customs on car parts by up to 60% \u2014 coupled with the lack of a government strategy to develop the auto sector will \u201cdestroy\u201d Egypt\u2019s chance at developing an car manufacturing industry, Deputy President of the Federation of Egyptian Industry\u2019s transport division Samir Allam tells Al Borsa<\/a>. The agreement will put locally produced parts in direct competition with those imported from manufacturing giants such as Brazil, which will offer lower prices for better quality, and discourage auto manufacturers from investing in Egypt, Allam says.<\/p>\n

The agreement also allegedly creates a loophole<\/strong> that would allow auto importers in Egypt customs-free imports of European or American cars from Mercosur countries, unnamed sources tell the newspaper. On the flipside, Egyptian Automobile Manufacturers Association CEO Hussein Soliman says Mercosur actually opens doors. <\/strong>He says Egypt\u2019s FTA with the European Union didn\u2019t push down the prices of European cars enough to make them significantly more attractive than their locally assembled counterparts.<\/p>\n","protected":false},"excerpt":{"rendered":"

Is the Mercosur FTA bad news for the domestic auto industry? Egypt\u2019s trade liberalization agreement with Mercosur countries \u2014 which lifts customs on car parts by up to 60% \u2014 coupled with the lack of a government strategy to develop the auto sector will \u201cdestroy\u201d Egypt\u2019s chance at developing an car manufacturing industry, Deputy President […]<\/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-640960","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"19a18ec5-a3da-4148-83f0-476cbecd2de7","order":"0","is_powered_by":true,"section_story_id":"7e8a6b34-3228-4edb-9c03-04a983411c70","story_type":"1","photo_url":"","photo_position":"above","related_issue":[640950],"teaser":"","voice_url":""},"yoast_head":"\nEgypt-Mercosur FTA will hamper domestic production of auto spare parts, says FEI\u2019s transport division - 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\/09\/10\/egypt-mercosur-fta-will-hamper-domestic-production-of-auto-spare-parts-says-feis-transport-division\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt-Mercosur FTA will hamper domestic production of auto spare parts, says FEI\u2019s transport division\" \/>\n<meta property=\"og:description\" content=\"Is the Mercosur FTA bad news for the domestic auto industry? Egypt\u2019s trade liberalization agreement with Mercosur countries \u2014 which lifts customs on car parts by up to 60% \u2014 coupled with the lack of a government strategy to develop the auto sector will \u201cdestroy\u201d Egypt\u2019s chance at developing an car manufacturing industry, Deputy President […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/10\/egypt-mercosur-fta-will-hamper-domestic-production-of-auto-spare-parts-says-feis-transport-division\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-09-10T04:06:44+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\/2017\/09\/10\/egypt-mercosur-fta-will-hamper-domestic-production-of-auto-spare-parts-says-feis-transport-division\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/10\/egypt-mercosur-fta-will-hamper-domestic-production-of-auto-spare-parts-says-feis-transport-division\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt-Mercosur FTA will hamper domestic production of auto spare parts, says FEI\u2019s transport division\",\"datePublished\":\"2017-09-10T04:06:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/10\/egypt-mercosur-fta-will-hamper-domestic-production-of-auto-spare-parts-says-feis-transport-division\/\"},\"wordCount\":194,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/10\/egypt-mercosur-fta-will-hamper-domestic-production-of-auto-spare-parts-says-feis-transport-division\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/10\/egypt-mercosur-fta-will-hamper-domestic-production-of-auto-spare-parts-says-feis-transport-division\/\",\"name\":\"Egypt-Mercosur FTA will hamper domestic production of auto spare parts, says FEI\u2019s transport division - 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