{"id":653824,"date":"2024-10-23T00:00:00","date_gmt":"2024-10-23T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/10\/23\/egypt-wants-to-localize-the-manufacture-of-12-products\/"},"modified":"2024-10-23T00:00:00","modified_gmt":"2024-10-23T00:00:00","slug":"egypt-wants-to-localize-the-manufacture-of-12-products","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/10\/23\/egypt-wants-to-localize-the-manufacture-of-12-products\/","title":{"rendered":"Egypt wants to localize the manufacture of 12 products"},"content":{"rendered":"

Our localization efforts are in full swing: <\/strong>The Madbouly government will work to localize the manufacture of 12 products selected by the ministries of housing and industry, according to a readout<\/a> following the ministerial group for industrial development meeting.<\/p>\n

(Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n

The list: <\/strong>The products include electric motors, generators, valves, pumps, water filtration devices, electric tools, solar cells, electrical control and power distribution panels, and elevators.<\/p>\n

Prepping for the eventual rollout of CBAM: <\/strong>The government is working on a plan to help Egyptian industry adjust to meet the EU\u2019s new standards, the Carbon Border Adjustment Mechanism (CBAM) \u2014 set to fully go into effect starting 2026 \u2014 to safeguard Egypt\u2019s export competitiveness. The plan is being developed ahead of being presented to Prime Minister Moustafa Madbouly.<\/p>\n

Why this matters:<\/strong> The EU is our largest trading partner \u2014 EU countries accounted for 31.1% of our exports in FY 2022-23. EU-bound exports of aluminum accounted for 79% of our total aluminum exports in 2022, along with 36.7% of iron and steel exports, 30.6% of fertilizer exports, and 4.1% of cement exports.<\/p>\n

DIVE DEEPER- <\/strong>We dove into the ins and outs of the mechanism, what it means for Egypt, and why we need to adapt to it in a Going Green<\/a> published earlier this year.<\/p>\n

AND- Shaking up the F&B sector: <\/strong>Food products will require food safety and validity certificates from the National Food Safety Authority (NFSA) starting January 2025. <\/p>\n

ALSO- <\/strong>The Industry Ministry is organizing a procurement exhibition to connect manufacturers with suppliers of production supplies and spare parts, aiming to boost local supply chains and industrial integration.<\/p>\n

Happening next week:<\/strong> Officials from the Electricity Ministry and New Urban Communities Authority will join the weekly meetings that Industry Minister Kamel El Wazir holds with industrial investors across Egypt's governorates to address ongoing issues in industrial zones.<\/p>\n","protected":false},"excerpt":{"rendered":"

The products include electric motors, generators, and solar energy cells<\/p>\n","protected":false},"author":1,"featured_media":653825,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[7255],"tags":[72,131,3638],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-653824","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-manufacturing","tag-enterpriseam","tag-manufacturing","tag-national-food-safety-authority","wpautop","entry"],"acf":{"mongo_id":"0c63a1e3-9d75-4490-864e-ba087d245a77","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/10\/1964.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt 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