{"id":646590,"date":"2017-06-19T03:58:17","date_gmt":"2017-06-19T03:58:17","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/19\/kabil-postpones-meeting-with-eu-officials-over-automotive-directive\/"},"modified":"2017-06-19T03:58:17","modified_gmt":"2017-06-19T03:58:17","slug":"kabil-postpones-meeting-with-eu-officials-over-automotive-directive","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/19\/kabil-postpones-meeting-with-eu-officials-over-automotive-directive\/","title":{"rendered":"Kabil postpones meeting with EU officials over automotive directive"},"content":{"rendered":"

<\/a> Kabil postpones talks with EU officials on automotive directive:<\/strong> Trade and Industry Minister Tarek Kabil has postponed a planned visit to Brussels during which he was expected to discuss the EU\u2019s concerns about the proposed automotive directive, EU Mission Chief to Egypt Ivan Surko\u0161 tells Al Mal<\/a>. The local press had picked up<\/a> an announcement by Surko\u0161 last week that a meeting to discuss the automotive industry with EU officials was in the cards. Surko\u0161 had said last month<\/a> that the bill, which gives incentives to Egyptian car assemblers who go further up the value chain into manufacturing, would violate the terms of Egypt\u2019s trade agreements with the EU. European car makers and local importers of their goods had complained to the European Commission and have spearheaded an effort to derail the bill in the House of Representatives. The Trade and Industry Ministry has been trying to push the legislation along by recently forming a committee<\/a> to look into a compromise that would leave both parties happy.<\/p>\n

Other topics we expect would have been on the agenda include the Exporters Registry<\/strong>, which the EU had said it would pressure Egypt to abandon<\/a>. The registry places additional quality control measures for companies looking to export to Egypt. Kabil\u2019s meeting with the EU has yet to be rescheduled.<\/p>\n

News that Kabil was postponing his trip came as word emerged that the European Union will <\/strong>raise its ceiling on aid to Egypt to EUR 600 mn from EUR 450 mn.<\/strong> The decision came during negotiations for a new three-year EU-Egypt Partnership framework agreement, the head of the Investment and International Cooperation Ministry's Egyptian-EU partnership unit, Gamal Bayoumi, tells Al Masry Al Youm<\/a>. He added that it was likely that the aid be increased to EUR 660 mn \u201cin the near future.\u201d We could actually expect the aid to be disbursed as one lump sum payment, according to Bayoumi. We noted back in March<\/a> that the government was making headway in setting a strategic partnership framework after the prior agreement expired last year. That agreement had set poverty alleviation and improving the business environment as priorities for aid with Egypt.<\/p>\n","protected":false},"excerpt":{"rendered":"

Kabil postpones talks with EU officials on automotive directive: Trade and Industry Minister Tarek Kabil has postponed a planned visit to Brussels during which he was expected to discuss the EU\u2019s concerns about the proposed automotive directive, EU Mission Chief to Egypt Ivan Surko\u0161 tells Al Mal. The local press had picked up an announcement […]<\/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-646590","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"35691f7b-9de7-448d-b3f5-adf822a889b5","order":"0","is_powered_by":true,"section_story_id":"28c80fb1-c765-4760-acff-50b6b3293777","story_type":"1","photo_url":"","photo_position":"above","related_issue":[646582],"teaser":"","voice_url":""},"yoast_head":"\nKabil postpones meeting with EU officials over automotive directive - 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\/06\/19\/kabil-postpones-meeting-with-eu-officials-over-automotive-directive\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kabil postpones meeting with EU officials over automotive directive\" \/>\n<meta property=\"og:description\" content=\"Kabil postpones talks with EU officials on automotive directive: Trade and Industry Minister Tarek Kabil has postponed a planned visit to Brussels during which he was expected to discuss the EU\u2019s concerns about the proposed automotive directive, EU Mission Chief to Egypt Ivan Surko\u0161 tells Al Mal. 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Egypt will cut tariffs on European cars to zero starting from January 1, 2019, under a trade agreement between Egypt and the European Union, EU Ambassador to Egypt Ivan Surkos reportedly said on Thursday, according to\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":621651,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/14\/finmin-trade-ministry-looking-to-amend-automotive-tax-framework-as-tariffs-on-european-cars-set-to-drop-to-zero\/","url_meta":{"origin":646590,"position":2},"title":"FinMin, Trade Ministry looking to amend automotive tax framework as tariffs on European cars set to drop to zero","author":"enterpriseam admin","date":"14 November 2018","format":false,"excerpt":"EXCLUSIVE- Last gasp of the automotive directive? A senior government official tells us the trade and finance ministries are studying a proposal that would impose a 10-20% \u201cdevelopment fee\u201d on all car sales \u2014 but then offset these for locally assembled or manufactured vehicles, which would be eligible for discounts\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":632688,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/18\/local-component-requirements-for-automotive-directive-are-being-revised-minister\/","url_meta":{"origin":646590,"position":3},"title":"Local component requirements for Automotive Directive are being revised -Minister","author":"enterpriseam admin","date":"18 February 2018","format":false,"excerpt":"LEGISLATION WATCH- Local component requirements for Automotive Directive are being revised: Trade and Industry Minister Tarek Kabil said yesterday that the minimum local component requirements that would make producers eligible for incentives under the Automotive Directive are being revised, according to a ministry statement (pdf). Kabil had said last November\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":637788,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/26\/automotive-directive-will-be-issued-in-early-2018-kabil\/","url_meta":{"origin":646590,"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 "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":630706,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/30\/trade-and-industry-ministry-paves-way-for-automotive-directive-and-sets-46-domestic-component-requirement\/","url_meta":{"origin":646590,"position":5},"title":"Trade and Industry Ministry paves way for Automotive Directive and sets 46% domestic component requirement","author":"enterpriseam admin","date":"30 April 2018","format":false,"excerpt":"Trade and Industry Ministry paves way for Automotive Directive and sets 46% domestic component requirement: Trade and Industry Minister Tarek Kabil issued a directive mandating that 46% of the components of a domestically-assembled car be sourced locally, according to a statement from the ministry on Sunday. 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