{"id":643022,"date":"2017-08-28T03:59:17","date_gmt":"2017-08-28T03:59:17","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/28\/are-ftas-keeping-local-industry-from-benefiting-from-the-current-economic-conditions\/"},"modified":"2017-08-28T03:59:17","modified_gmt":"2017-08-28T03:59:17","slug":"are-ftas-keeping-local-industry-from-benefiting-from-the-current-economic-conditions","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/28\/are-ftas-keeping-local-industry-from-benefiting-from-the-current-economic-conditions\/","title":{"rendered":"Are FTAs keeping local industry from benefiting from the current economic conditions?"},"content":{"rendered":"

Are trade agreements keeping local industry from benefiting from the current economic conditions<\/strong>? Mohamed Abdel Shafie Eissa seems to think so, saying in a column penned for Al Shorouk<\/a> that the EGP\u2019s low value and the decision to bar imports of low-quality goods should have been a godsend for local industry and allowed it to boom over the past couple of years. Alluding to the automotive sector (and the drama with the EU<\/a> over the proposed automotive directive), he says the stipulations of some trade agreements run counter to the interests of local industry. Eissa also takes a moment to point a finger of blame at sky-high interest rates, saying they have only further hampered the rise of domestic manufacturing.<\/p>\n","protected":false},"excerpt":{"rendered":"

Are trade agreements keeping local industry from benefiting from the current economic conditions? Mohamed Abdel Shafie Eissa seems to think so, saying in a column penned for Al Shorouk that the EGP\u2019s low value and the decision to bar imports of low-quality goods should have been a godsend for local industry and allowed it to […]<\/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":[9411],"tags":[72,9410],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-643022","post","type-post","status-publish","format-standard","hentry","category-on-deadline","tag-enterpriseam","tag-on-deadline","wpautop","entry"],"acf":{"mongo_id":"0b068aea-fbac-41ab-ae77-a09d47065a90","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[642988],"teaser":"","voice_url":""},"yoast_head":"\nAre FTAs keeping local industry from benefiting from the current economic conditions? - 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\/08\/28\/are-ftas-keeping-local-industry-from-benefiting-from-the-current-economic-conditions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Are FTAs keeping local industry from benefiting from the current economic conditions?\" \/>\n<meta property=\"og:description\" content=\"Are trade agreements keeping local industry from benefiting from the current economic conditions? Mohamed Abdel Shafie Eissa seems to think so, saying in a column penned for Al Shorouk that the EGP\u2019s low value and the decision to bar imports of low-quality goods should have been a godsend for local industry and allowed it to […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/28\/are-ftas-keeping-local-industry-from-benefiting-from-the-current-economic-conditions\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-08-28T03:59:17+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\/08\/28\/are-ftas-keeping-local-industry-from-benefiting-from-the-current-economic-conditions\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/28\/are-ftas-keeping-local-industry-from-benefiting-from-the-current-economic-conditions\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Are FTAs keeping local industry from benefiting from the current economic conditions?\",\"datePublished\":\"2017-08-28T03:59:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/28\/are-ftas-keeping-local-industry-from-benefiting-from-the-current-economic-conditions\/\"},\"wordCount\":133,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"On Deadline\"],\"articleSection\":[\"On Deadline\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/28\/are-ftas-keeping-local-industry-from-benefiting-from-the-current-economic-conditions\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/28\/are-ftas-keeping-local-industry-from-benefiting-from-the-current-economic-conditions\/\",\"name\":\"Are FTAs keeping local industry from benefiting from the current economic conditions? 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The move is the\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":635479,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/05\/attracting-fdi-is-not-just-about-throwing-incentives-at-investors\/","url_meta":{"origin":643022,"position":1},"title":"Attracting FDI is not just about throwing incentives at investors","author":"enterpriseam admin","date":"5 December 2017","format":false,"excerpt":"Attracting foreign direct investment is not just about maximizing incentives for investors, Mohamed Abdel Shafie Eissa writes for Al Shorouk. He argues that there are four ingredients in any bid to attract FDI: economic conditions, including the availability of labor and raw materials; the overall environment and ease of doing\u2026","rel":"","context":"In "On Deadline"","block_context":{"text":"On Deadline","link":"https:\/\/enterpriseam.com\/egypt\/category\/on-deadline\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":652080,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/28\/european-car-makers-are-not-happy-with-the-automotive-directive\/","url_meta":{"origin":643022,"position":2},"title":"European car makers are not happy with the automotive directive","author":"enterpriseam admin","date":"28 February 2017","format":false,"excerpt":"Shockingly, European car makers and local importers of their wares are not in love with the so-called \u201cautomotive directive,\u201d which would give tax breaks to local manufacturers and protect them against unfair advantages now enjoyed by EU, Turkish and Moroccan imports. The automotive directive will not only harm European exports\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":646020,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/04\/supreme-media-council-needs-to-backtrack-on-reporting-ibrahim-eissa\/","url_meta":{"origin":643022,"position":3},"title":"Supreme Media Council needs to backtrack on reporting Ibrahim Eissa","author":"enterpriseam admin","date":"4 June 2017","format":false,"excerpt":"The Supreme Media Council needs to pull back from its decision demand the Prosecutor General open an investigation into journalist Ibrahim Eissa, Al Masry Al Youm\u2019s Hamdy Rizk writes. 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The Automotive Directive will \u201csee the light\u201d in early 2018, Trade and Industry Minister Tarek Kabil said yesterday, Al Borsa reports. 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