{"id":652080,"date":"2017-02-28T04:07:14","date_gmt":"2017-02-28T04:07:14","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/28\/european-car-makers-are-not-happy-with-the-automotive-directive\/"},"modified":"2017-02-28T04:07:14","modified_gmt":"2017-02-28T04:07:14","slug":"european-car-makers-are-not-happy-with-the-automotive-directive","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/28\/european-car-makers-are-not-happy-with-the-automotive-directive\/","title":{"rendered":"European car makers are not happy with the automotive directive"},"content":{"rendered":"

Shockingly, European car makers and local importers of their wares are not in love with <\/strong>the so-called \u201cautomotive directive,\u201d which would give tax breaks to local manufacturers <\/strong>and protect them against unfair advantages now enjoyed by EU, Turkish and Moroccan imports. The automotive directive will not only harm European exports to Egypt but also violates the terms of free trade agreements with the EU, <\/strong>the companies complained in a letter to the European Commission picked up by Al Borsa<\/a>.<\/p>\n

Trying to keep the Masry gravy train rolling, EU-based manufacturers argue that the bill offers tax breaks and incentives to local manufacturers that could prove harmful to exporters in the long run. Then came the not-so-veiled threat:<\/strong> The directive \u2014 which grants incentives along the value chain to encourage local manufacturing \u2014 will affect future European investments in Egypt\u2019s auto industry. Members of the Federation of Egyptian Industries said it was unlikely that the government would take the European concerns into account, maintaining that the directive does not violate trade agreements. The bill is presently before the House Industry Committee.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 to Egypt but also violates […]<\/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-652080","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"dcd36bfd-8ba8-4c56-a2a1-75ad441f7547","order":"0","is_powered_by":true,"section_story_id":"c2419a05-c0fc-4a61-8316-ae12e2d2872c","story_type":"1","photo_url":"","photo_position":"above","related_issue":[652066],"teaser":"","voice_url":""},"yoast_head":"\nEuropean car makers are not happy with the 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\/02\/28\/european-car-makers-are-not-happy-with-the-automotive-directive\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"European car makers are not happy with the automotive directive\" \/>\n<meta property=\"og:description\" content=\"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. 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The Madbouly Cabinet\u2019s economic group reviewed yesterday a proposed package of incentives for automotive manufacturers to spur domestic manufacturing and assembly, according to a Cabinet statement. Prime Minister Moustafa Madbouly ordered the finance and trade and industry ministries\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\/2022\/7\/381.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":599046,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/17\/egypt-to-provide-large-custom-discounts-to-power-its-domestic-car-industry\/","url_meta":{"origin":652080,"position":3},"title":"Egypt to provide large custom discounts to power its domestic car industry","author":"enterpriseam admin","date":"17 June 2019","format":false,"excerpt":"EXCLUSIVE- We\u2019re going to be discussing a new set of incentives for the automotive industry this fall. 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