{"id":647479,"date":"2017-05-11T03:59:03","date_gmt":"2017-05-11T03:59:03","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/11\/trade-ministry-to-amend-automotive-directive\/"},"modified":"2017-05-11T03:59:03","modified_gmt":"2017-05-11T03:59:03","slug":"trade-ministry-to-amend-automotive-directive","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/11\/trade-ministry-to-amend-automotive-directive\/","title":{"rendered":"Trade Ministry to amend automotive directive"},"content":{"rendered":"

<\/a> Trade Ministry to amend the proposed automotive directive?<\/strong> 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<\/a>. The news comes a little more than a week after the European Union\u2019s ambassador to Cairo claimed that the bill<\/a> \u2014 which offers incentives to encourage local assemblers to move further up the value chain into manufacturing \u2014 violates the terms of Egypt\u2019s free trade agreement with the EU. European carmakers and local importers of their wares have been lobbying against<\/a> the automotive directive for the last several months, claiming that it not only offers assemblers too many incentives but could also be potentially harmful for exporters in the long run. (Don\u2019t ask us about the logic on that last bit \u2014 we report this stuff, we don\u2019t make it up).<\/p>\n

Passed by September? <\/strong>Prodded by their local partners, European car makers had complained about the bill to the European Commission, warning that it may impact future European investments in the Egyptian market. It\u2019s unclear when the ministry intends to send the updated bill back to the House, but the government is hoping to see the law passed by September, House Industry Committee chair Ahmed Samir tells the newspaper. The bill proposes giving local assemblers tax breaks and payouts to protect them against what the industry says are unfair advantages enjoyed by importers of European, Turkish, and Moroccan car brands.<\/p>\n","protected":false},"excerpt":{"rendered":"

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. The news comes a little more than a week after […]<\/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-647479","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"e94e401b-ca43-4879-874d-b05d37fae4c3","order":"0","is_powered_by":true,"section_story_id":"5efb9406-9570-43d3-a78f-2c981fce6646","story_type":"1","photo_url":"","photo_position":"above","related_issue":[647464],"teaser":"","voice_url":""},"yoast_head":"\nTrade Ministry to amend 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\/05\/11\/trade-ministry-to-amend-automotive-directive\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trade Ministry to amend automotive directive\" \/>\n<meta property=\"og:description\" content=\"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. The news comes a little more than a week after […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/11\/trade-ministry-to-amend-automotive-directive\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-05-11T03:59:03+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\/11\/trade-ministry-to-amend-automotive-directive\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/11\/trade-ministry-to-amend-automotive-directive\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Trade Ministry to amend automotive directive\",\"datePublished\":\"2017-05-11T03:59:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/11\/trade-ministry-to-amend-automotive-directive\/\"},\"wordCount\":263,\"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\/11\/trade-ministry-to-amend-automotive-directive\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/11\/trade-ministry-to-amend-automotive-directive\/\",\"name\":\"Trade Ministry to amend automotive directive - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-05-11T03:59:03+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/11\/trade-ministry-to-amend-automotive-directive\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/11\/trade-ministry-to-amend-automotive-directive\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/11\/trade-ministry-to-amend-automotive-directive\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Trade Ministry to amend automotive directive\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Trade Ministry to amend automotive directive - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/11\/trade-ministry-to-amend-automotive-directive\/","og_locale":"en_US","og_type":"article","og_title":"Trade Ministry to amend automotive directive","og_description":"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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The decision also mandates\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":647479,"position":1},"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":646318,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/12\/trade-and-industry-ministry-form-committee-to-resolve-issues-with-the-automotive-directive\/","url_meta":{"origin":647479,"position":2},"title":"Trade and Industry Ministry form committee to resolve issues with the automotive directive","author":"enterpriseam admin","date":"12 June 2017","format":false,"excerpt":"Trade and Industry Ministry forms committee to break deadlock over automotivedirective: The Trade and Industry Ministry is forming a committee of Federation of Egyptian Industries and Industrial Development Authority (IDA) officials to look into resolving the deadlock on the automotive directive, Al Borsa reported last Thursday. 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":604408,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/03\/trade-minister-downplays-automotive-directive-says-talks-are-ongoing-with-unnamed-global-car-manufacturers-on-egypt-investments\/","url_meta":{"origin":647479,"position":3},"title":"Trade minister downplays \u2018automotive directive,\u2019 says talks are ongoing with unnamed global car manufacturers on Egypt investments","author":"enterpriseam admin","date":"3 December 2018","format":false,"excerpt":"Trade Minister: Please stop asking about the \u201cautomotive directive.\u201d Trade and Industry Minister Amr Nassar threw cold water on years spent crafting the \u201cautomotive directive\u201d that would have given incentives to local assemblers to move further up the value chain into manufacturing in return for a measure of protection against\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\/2021\/2\/31.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":599096,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/18\/minimum-for-domestic-content-in-egypt-assembled-cars-is-now-back-at-28\/","url_meta":{"origin":647479,"position":4},"title":"Minimum for domestic content in Egypt-assembled cars is now back at 28%","author":"enterpriseam admin","date":"18 June 2019","format":false,"excerpt":"Ministry explains decision to scrap former Trade Minister Nassar\u2019s car assembly policy: Trade and Industry Minister Amr Nassar\u2019s decision to scrap of former minister Tarek Kabil\u2019s policy to increase the percentage of local content in domestically assembled cars is meant to give assemblers breathing room until a new set 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\/2019\/6\/1903.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":592149,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/29\/egypts-automotive-incentives-package-could-soon-see-the-light-of-day\/","url_meta":{"origin":647479,"position":5},"title":"Egypt\u2019s automotive incentives package could soon see the light of day","author":"enterpriseam admin","date":"29 December 2019","format":false,"excerpt":"Trade Ministry finalizes method to calculate local content\u2019s added value under larger automotive strategy: Trade Ministry officials have finalized a new method to calculate the percentage of local content under a planned automotive industry strategy to encourage car manufacturers, Al Mal reported, citing an unnamed official. The proposed method should\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\/2019\/9\/2604.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/647479","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=647479"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/647479\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/647464"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=647479"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=647479"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=647479"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=647479"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=647479"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}