{"id":647079,"date":"2017-05-02T04:00:44","date_gmt":"2017-05-02T04:00:44","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/02\/automotive-directive-violates-egypts-european-ftas-surkos\/"},"modified":"2017-05-02T04:00:44","modified_gmt":"2017-05-02T04:00:44","slug":"automotive-directive-violates-egypts-european-ftas-surkos","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/02\/automotive-directive-violates-egypts-european-ftas-surkos\/","title":{"rendered":"Automotive directive violates Egypt\u2019s European FTAs -Surko\u0161"},"content":{"rendered":"

<\/a> EU delegation brassed-off about \u2018automotive directive\u2019: <\/strong>The proposed automotive directive, which given cash incentives to Egyptian car assemblers who go further up value chain into manufacturing, would violate the terms of Egypt\u2019s free trade agreement the European Union, EU Mission Chief to Egypt Ivan Surko\u0161 told reporters on Sunday, Al Mal reports<\/a>. The bill proposes giving local assemblers give tax breaks and payouts from an incentive fund to protect them against what the industry says are unfair advantages enjoyed by EU, Turkish and Moroccan imports. European car makers and their domestic importers have previously complained to the European Commission<\/a> and are claiming that bill might be harmful to exporters in the long run. European carmakers had warned in their letter of complaint that the bill could also impact future European investments in Egypt\u2019s auto industry. (Not that pure exporters of CBU vehicles to Egypt have invested a penny here in the past decade or ten\u2026) The EU plans to discuss the automotive directive with Trade Minister Tarek Kabil in Brussels soon, <\/strong>Surko\u0161 added.<\/p>\n

In other industry news: The Federation of Egyptian Industries automakers\u2019 division<\/strong>asked car distributors to stop imports<\/strong> until existing stocks are sold, division head Hassan Sleiman tells Al Mal<\/a>. Car sales have been in a slump since prices soared as a result of the EGP float last November.<\/p>\n","protected":false},"excerpt":{"rendered":"

EU delegation brassed-off about \u2018automotive directive\u2019: The proposed automotive directive, which given cash incentives to Egyptian car assemblers who go further up value chain into manufacturing, would violate the terms of Egypt\u2019s free trade agreement the European Union, EU Mission Chief to Egypt Ivan Surko\u0161 told reporters on Sunday, Al Mal reports. The bill proposes […]<\/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-647079","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"6ecffbff-f2e4-47f2-b282-cdfc6fd3e72f","order":"0","is_powered_by":true,"section_story_id":"a29fc35a-951b-4a68-9382-016c5d9a039c","story_type":"1","photo_url":"","photo_position":"above","related_issue":[647069],"teaser":"","voice_url":""},"yoast_head":"\nAutomotive directive violates Egypt\u2019s European FTAs -Surko\u0161 - 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\/05\/02\/automotive-directive-violates-egypts-european-ftas-surkos\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Automotive directive violates Egypt\u2019s European FTAs -Surko\u0161\" \/>\n<meta property=\"og:description\" content=\"EU delegation brassed-off about \u2018automotive directive\u2019: The proposed automotive directive, which given cash incentives to Egyptian car assemblers who go further up value chain into manufacturing, would violate the terms of Egypt\u2019s free trade agreement the European Union, EU Mission Chief to Egypt Ivan Surko\u0161 told reporters on Sunday, Al Mal reports. The bill proposes […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/02\/automotive-directive-violates-egypts-european-ftas-surkos\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-05-02T04:00:44+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\/05\/02\/automotive-directive-violates-egypts-european-ftas-surkos\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/02\/automotive-directive-violates-egypts-european-ftas-surkos\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Automotive directive violates Egypt\u2019s European FTAs -Surko\u0161\",\"datePublished\":\"2017-05-02T04:00:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/02\/automotive-directive-violates-egypts-european-ftas-surkos\/\"},\"wordCount\":231,\"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\/05\/02\/automotive-directive-violates-egypts-european-ftas-surkos\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/02\/automotive-directive-violates-egypts-european-ftas-surkos\/\",\"name\":\"Automotive directive violates Egypt\u2019s European FTAs -Surko\u0161 - 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The local press\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":647479,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/11\/trade-ministry-to-amend-automotive-directive\/","url_meta":{"origin":647079,"position":1},"title":"Trade Ministry to amend automotive directive","author":"enterpriseam admin","date":"11 May 2017","format":false,"excerpt":"Trade Ministry to amend the proposed automotive directive? The Trade and Industry Ministry is reportedly looking to revisit unspecified sections of the so-called \u201cautomotive directive\u201d before sending it back to the House of Representatives for review and a final vote, Al Mal said on Wednesday. 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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":569943,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/12\/cabinet-greenlights-automotive-strategy\/","url_meta":{"origin":647079,"position":3},"title":"Cabinet greenlights automotive strategy","author":"enterpriseam admin","date":"12 March 2020","format":false,"excerpt":"Gov\u2019t greenlights automotive strategy: The Madbouly Cabinet approved in its weeklymeeting the long-awaited automotive strategy to encourage car assemblers and feeder industries. 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