{"id":642673,"date":"2017-08-20T03:57:22","date_gmt":"2017-08-20T03:57:22","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/20\/no-consensus-on-the-automotive-directive-risks-delaying-passing-the-act-till-after-november\/"},"modified":"2017-08-20T03:57:22","modified_gmt":"2017-08-20T03:57:22","slug":"no-consensus-on-the-automotive-directive-risks-delaying-passing-the-act-till-after-november","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/20\/no-consensus-on-the-automotive-directive-risks-delaying-passing-the-act-till-after-november\/","title":{"rendered":"No consensus on the automotive directive risks delaying passing the act till after November"},"content":{"rendered":"

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<\/a> as to why they doubt statements by House Industry Committee Chair Ahmed Samir<\/a> that the law will pass by November. The divisions are too great, with some 10 key points of legislation still being contested, said Hassan Moustafa, head of the automotive division of the Federation of Egyptian Chambers of Commerce. Clauses on taxation and benefits down the value chain remain in heavy dispute, said the spokesperson for the Egyptian Automotive Manufacturing Association, Khaled Saad. The Trade and Industry Ministry had formed a committee<\/a> back in June to break the deadlock. Alaa Elsaba, head of Elsaba Automotive, also believes that the bill likely awaits the completion of a report by a German consultancy<\/a> hired by the ministry as an adviser.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 law will pass by November. 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It\u2019s backing the automotive directive, recommending that domestic content requirements be hiked to 70%. Sources from the committee tell Al Mal that the cabinet shuffle was behind the delay in issuing the report. 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Those who have\u2026","rel":"","context":"In "Automotive + Transportation"","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":[]},{"id":639122,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/22\/industry-worse-off-without-automotive-directive-al-borsa-poll\/","url_meta":{"origin":642673,"position":2},"title":"Industry worse off without automotive directive -Al Borsa poll","author":"enterpriseam admin","date":"22 October 2017","format":false,"excerpt":"It would appear that the majority of the auto industry believes the industry is worse off without the Automotive Directive, according to a poll of some 40 industry insiders conducted by Al Borsa over the weekend. 60% of respondents believed delays in issuing the Automotive Directive, which grants incentives to\u2026","rel":"","context":"In "Automotive + Transportation"","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":[]},{"id":650047,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/15\/critics-of-the-automotive-directive-still-trying-to-derail-and-postpone-the-legislation\/","url_meta":{"origin":642673,"position":3},"title":"Critics of the automotive directive still trying to derail and postpone the legislation","author":"enterpriseam admin","date":"15 March 2017","format":false,"excerpt":"Critics of the automotive directive are still trying to derail the bill and they\u2019re using Europe as a peg: A number of local auto industry players (cough, importers) are suggesting that discussions on the automotive directive \u2014 which would give tax breaks to local manufacturers and protect them against unfair\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":647924,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/23\/committee-studying-alternatives-to-automotive-directive-to-submit-report-next-week\/","url_meta":{"origin":642673,"position":4},"title":"Committee studying alternatives to automotive directive to submit report next week","author":"enterpriseam admin","date":"23 May 2017","format":false,"excerpt":"The joint CBE-auto industry committee studying alternatives to the automotive directive will submit a report to bank Governor Tarek Amer next week, Al Borsa said on Monday. Back in April, it was announced that the committee \u2014 which has the backing of detractors of the automotive directive \u2014 had completed\u2026","rel":"","context":"In "Automotive + Transportation"","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":[]},{"id":642419,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/14\/automotive-directive-could-be-final-by-november-house-industry-committee-chair\/","url_meta":{"origin":642673,"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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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 "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\/642673","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=642673"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/642673\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/642626"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=642673"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=642673"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=642673"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=642673"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=642673"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}