{"id":641333,"date":"2017-09-19T04:05:45","date_gmt":"2017-09-19T04:05:45","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/19\/no-further-import-restrictions-kabil\/"},"modified":"2017-09-19T04:05:45","modified_gmt":"2017-09-19T04:05:45","slug":"no-further-import-restrictions-kabil","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/19\/no-further-import-restrictions-kabil\/","title":{"rendered":"No further import restrictions - Kabil"},"content":{"rendered":"

<\/a> The Trade Ministry has no plan to further restrict imports,<\/strong> Minister Tarek Kabil told Al Mal in an interview<\/a>. Measures such as the Importers Registry Act had sought to curb imports as a means of restricting the outflow of FX. The government will instead focus on encouraging exports, which grew by 8% y-o-y in 8M2017 at the same time as imports fell 29.5%. Kabil expects exports revenues to reach USD 22-23 bn by year\u2019s end, up from USD 20 bn last year, driven by a USD 2-3 bn increase in non-oil exports. He added that the ministry is in negotiations with the African Export-Import Bank and the Saudi Development Bank for export credit guarantees.<\/p>\n

On legislation,<\/strong> an amended Export Development Act<\/strong> is now before the House of <\/strong>Representatives<\/strong>, Kabil said. <\/strong>The bill is expected to allow accredited export councils to establish marketing companies, hold exhibitions, and set up logistics zones, Kabil said.<\/p>\n

Kabil hinted that negotiations over the <\/strong>establishment of a Russian industrial zone<\/strong><\/a>were \u201cbumpy,\u201d<\/strong> as Moscow is insisting on preferential terms that just don\u2019t work for Egypt. Russia had abruptly postponed talks over the industrial zone to next year. The minister meanwhile denied Egypt was in talks with the <\/strong>US for a freetrade agreement<\/strong><\/a>.<\/strong><\/p>\n

One more thing that caught our eye:<\/strong> Talks on restarting operations at White Walker Auto (a.k.a. The zombieco that is Al-Nasr Automotive<\/a>) are apparently back on track, and the company is in talks with potential foreign partners, the minister said.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Trade Ministry has no plan to further restrict imports, Minister Tarek Kabil told Al Mal in an interview. Measures such as the Importers Registry Act had sought to curb imports as a means of restricting the outflow of FX. The government will instead focus on encouraging exports, which grew by 8% y-o-y in 8M2017 […]<\/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-641333","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"5d105842-b269-46cd-97d9-87e2142631eb","order":"0","is_powered_by":true,"section_story_id":"01c25098-ce79-461b-98d0-7efdce918e7d","story_type":"1","photo_url":"","photo_position":"above","related_issue":[641325],"teaser":"","voice_url":""},"yoast_head":"\nNo further import restrictions - Kabil - 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\/19\/no-further-import-restrictions-kabil\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"No further import restrictions - Kabil\" \/>\n<meta property=\"og:description\" content=\"The Trade Ministry has no plan to further restrict imports, Minister Tarek Kabil told Al Mal in an interview. 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The slim drop in the deficit came as non-oil exports rose 6% y-o-y to USD 7.44\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/4\/187.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":563809,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/25\/non-oil-exports-jump-by-23-in-1h2021\/","url_meta":{"origin":641333,"position":1},"title":"Non-oil exports jump by 23% in 1H2021","author":"enterpriseam admin","date":"25 July 2021","format":false,"excerpt":"Non-oil exports increased by 23% y-o-y in 1H2021, reaching USD 15.4 bn compared to USD 12.5 bn in 1H2020, Trade and Industry Minister Nevine Gamea said in a statement.Exports doubled in 2Q2021? Central bank figures released last month showed non-oil exports rose to USD 5.3 bn in 1Q2021. Accounting for\u2026","rel":"","context":"In "Trade"","block_context":{"text":"Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/7\/231.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":570840,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/16\/egypt-non-oil-import-bill-slashed-by-a-quarter-in-1q2020\/","url_meta":{"origin":641333,"position":2},"title":"Egypt non-oil import bill slashed by a quarter in 1Q2020","author":"enterpriseam admin","date":"16 April 2020","format":false,"excerpt":"Egypt\u2019s non-oil import bill slashed by a quarter in 1Q2020: Egypt\u2019s non-oil imports fell noticeably to USD 13.81 bn in the first quarter of the year, down 24% y-o-y from USD 18.23 bn in the first quarter of 2019, Trade Minister Nevine Gamea said, citing a General Organization for Export\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":543491,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/03\/record-quarter-for-exports-and-imports\/","url_meta":{"origin":641333,"position":3},"title":"Record quarter for exports (and imports)","author":"enterpriseam admin","date":"3 February 2022","format":false,"excerpt":"Egypt\u2019s balance of payments recorded an overall surplus of USD 311.4 mn in 1Q2021-22 (which ended in September 2021), compared to a deficit of USD 69.2 mn during 1Q2020-21 (ending September 2020), thanks to strong tourism, Suez Canal, and remittances receipts. \u201cThis improvement proved the ability of the Egyptian economy\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/2\/38.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":594417,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/29\/egypts-non-oil-trade-deficit-narrows-slightly-to-usd-32-19-bn-in-9m2019\/","url_meta":{"origin":641333,"position":4},"title":"Egypt\u2019s non-oil trade deficit narrows slightly to USD 32.19 bn in 9M2019","author":"enterpriseam admin","date":"29 October 2019","format":false,"excerpt":"Egypt\u2019s non-oil trade deficit narrowed slightly to USD 32.19 bn in 9M2019, down from USD 33.86 bn during the same period last year, according to a General Organization for Export and Import Control (GOEIC) report cited by Ahram Online. The improvement came on the back of a 3% growth 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":634855,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/28\/egypts-trade-deficit-fell-25-y-o-y-in-2017\/","url_meta":{"origin":641333,"position":5},"title":"Egypt\u2019s trade deficit fell 25% y-o-y in 2017","author":"enterpriseam admin","date":"28 January 2018","format":false,"excerpt":"Egypt\u2019s trade deficit fell 25% y-o-y in 2017 thanks to falling imports and rising exports, Trade and Industry Minister Tarek Kabil said on Friday. Egypt\u2019s non-oil exports fell 10% y-o-y to USD 22.4 bn from USD 20.4 bn in 2016, while Imports declined to about USD 56.8 bn from about\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/641333","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=641333"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/641333\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/641325"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=641333"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=641333"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=641333"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=641333"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=641333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}