{"id":665866,"date":"2025-05-25T00:00:00","date_gmt":"2025-05-25T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/25\/new-us-egypt-customs-agreement-on-the-horizon\/"},"modified":"2025-05-25T00:00:00","modified_gmt":"2025-05-25T00:00:00","slug":"new-us-egypt-customs-agreement-on-the-horizon","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/25\/new-us-egypt-customs-agreement-on-the-horizon\/","title":{"rendered":"New US-Egypt customs agreement on the horizon"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good afternoon, friends, and welcome to the start of another workweek.<\/strong> Some good news to wrap up your first day back: we\u2019re in the home stretch of the latest heatwave, with tomorrow marking the last day of extreme weather we\u2019ll be seeing for a good long while. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE BIG STORY TODAY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Get ready for some big US-Egypt customs news<\/strong>, as a new customs agreement between the two nations will be announced soon, US Ambassador Herro Mustafa Garg said during the US-Egypt Policy Leaders Forum today, attended by EnterpriseAM. The AmCham Egypt- and US Chamber of Commerce-hosted event saw the ambassador describe the coming agreement as a \u201csignificant milestone\u201d in promoting bilateral trade and American investment in Egypt. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Changes to our auto and halal import requirements helped get the agreement over the <\/strong><strong>line<\/strong>, with Prime Minister Moustafa Madbouly revealing that the country on May 11 decided to exempt America-made automobiles from the country\u2019s mandatory production standards and allowing more American companies to apply for halal certification to export their products to Egypt.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DATA POINT- <\/strong>Egypt-bound FDI from the US totaled USD 3 bn in the previous fiscal year, marking the country as the second largest source of foreign investment. Trade between the two countries reached USD 8.6 bn in 2024.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE BIG STORY ABROAD-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There\u2019s no single story dominating the global press this afternoon<\/strong>, with the world\u2019s attention split between Trump\u2019s latest antics and deadly strikes on Ukraine. Keeping Trump in the headlines today is his showdown with Harvard, after his administration revoked the Ivy League university\u2019s ability to enroll foreign students. Harvard clapped back with accusation that the government had <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us\/taiwan-students-heading-harvard-anxious-after-us-enrolment-block-2025-05-25\/\" style=\"\" rel=\"noopener\">committed a \u201cblatant violation\u201d<\/a> of the constitution. Attention also turned to Europe after Russia launched its <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/world\/2025\/may\/25\/deadly-missile-and-drone-strikes-batter-kyiv-for-second-night\" style=\"\" rel=\"noopener\">largest ever air attack<\/a> on Ukraine, which saw 387 drones and missiles strike the country and <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/aerospace-defense\/russian-drone-fragments-set-kyiv-apartment-building-ablaze-official-says-2025-05-24\/\" style=\"\" rel=\"noopener\">kill at least 12<\/a>.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"web-image-inner\"><img data-recalc-dims=\"1\" decoding=\"async\" style=\"display: block\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/348.jpg?ssl=1\" alt=\"enterprise\"><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>*** It\u2019s Inside Industry day \u2014 your weekly briefing of all things industrial in Egypt.<\/strong> Inside Industry focuses each Sunday on what it takes to turn Egypt into a manufacturing and export powerhouse, ranging from initial investment and planning to product distribution, through to land allocation to industrial processes, supply chain management, labor, automation and technology, inputs and exports, regulation and policy.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\u2600\ufe0f <strong>TOMORROW\u2019S WEATHER-<\/strong> The capital will be seeing the tail end of the current heatwave tomorrow, with the mercury set to peak at a sweltering 42\u00b0C throughout the day before a steep cooldown to 20\u00b0C at night, according to our favorite weather app.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good afternoon, friends, and welcome to the start of another workweek. Some good news to wrap up your first day back: we\u2019re in the home stretch of the latest heatwave, with tomorrow marking the last day of extreme weather we\u2019ll be seeing for a good long while. THE BIG STORY TODAY- Get ready for some [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":665867,"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":[7213],"tags":[948,309,6552,633,634],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-665866","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-tonight","tag-amcham","tag-customs","tag-egypt-us-relations","tag-enterprisepm","tag-what-were-tracking-tonight","wpautop","entry"],"acf":{"mongo_id":"fb46902e-9c21-4640-8fc9-5ad4789a3d8b","order":"1","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2025\/5\/2047.jpg","photo_position":"above","homepage_title":"","full_issue_title":"","related_issue":[665864],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/5\/.720f33ae-61ca-4f2e-923e-8303e9c2566d.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>New US-Egypt customs agreement on the horizon - 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\/2025\/05\/25\/new-us-egypt-customs-agreement-on-the-horizon\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New US-Egypt customs agreement on the horizon\" \/>\n<meta property=\"og:description\" content=\"Good afternoon, friends, and welcome to the start of another workweek. Some good news to wrap up your first day back: we\u2019re in the home stretch of the latest heatwave, with tomorrow marking the last day of extreme weather we\u2019ll be seeing for a good long while. 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THE BIG STORY HERE AT HOME? It\u2019s a toss-up between the upcoming rollout of vaccines to elderly citizens and those with chronic illnesses, and the revival of the Damietta LNG facility after an\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":560341,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/24\/what-were-tracking-on-24-february-2021\/","url_meta":{"origin":665866,"position":1},"title":"What we\u2019re tracking on 24 February 2021","author":"enterpriseam admin","date":"24 February 2021","format":false,"excerpt":"Good morning, friends. We have a rather stacked issue for you today, so let\u2019s get right to it.THE BIG STORY AT HOME is that the next phase of our vaccination program is getting underway next week, when elderly citizens and those with chronic illnesses will be able to sign up\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":594080,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/20\/what-were-tracking-on-20-october-2019\/","url_meta":{"origin":665866,"position":2},"title":"What we\u2019re tracking on 20 October 2019","author":"enterpriseam admin","date":"20 October 2019","format":false,"excerpt":"It\u2019s the final day of the IMF and World Bank annual meetings. Egyptian officials in Washington, DC, for the gathering had another busy few days over the weekend meeting with officials and members of the business community \u2014 and the world\u2019s central bankers have promised to use \u201call appropriate policy\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":604682,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/10\/what-were-tracking-this-week-and-beyond-39\/","url_meta":{"origin":665866,"position":3},"title":"What we\u2019re tracking this week and beyond","author":"enterpriseam admin","date":"10 December 2018","format":false,"excerpt":"The CBE will auction USD 1 bn worth of one-year T-Bills today, and will settle the auction on Tuesday, according to a CBE statement picked up by Reuters.Arab Contractors will sign on Wednesday the final contracts to build a USD 3 bn hydroelectric dam over Tanzania\u2019s Rufiji River, according to\u2026","rel":"","context":"In &quot;Up Next&quot;","block_context":{"text":"Up Next","link":"https:\/\/enterpriseam.com\/egypt\/category\/up-next\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":660934,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/19\/shard-capital-alqahtani-holding-ink-framework-agreement-for-usd-7-bn-petrochemical-complex\/","url_meta":{"origin":665866,"position":4},"title":"Shard Capital, Alqahtani Holding ink framework agreement for USD 7 bn petrochemical complex","author":"enterpriseam admin","date":"19 February 2025","format":false,"excerpt":"Good afternoon folks, it\u2019s the last day of the Egypt Energy Show and the energy news is still flowing.THE BIG STORY TODAY Shard Capital and Alqahtani Holding inked a framework agreement for a USD 7 bn New Alamein petrochemical complex with the investment and oil ministries, the Oil Ministry said\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1926.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":562028,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/04\/moves-tarek-tawfik-elected-amcham-president\/","url_meta":{"origin":665866,"position":5},"title":"Moves: Tarek Tawfik elected AmCham president","author":"enterpriseam admin","date":"4 May 2021","format":false,"excerpt":"AmCham Egypt has elected Tarek Tawfik (LinkedIn), chairman of the Cairo Poultry Group, as the new president for two years, Al Shorouk reports. Tawfik will succeed AUC School of Business Dean Sherif Kamel (LinkedIn). Apache Egypt General Manager David Chi (Bio) has been appointed the chamber\u2019s vice president from the\u2026","rel":"","context":"In &quot;Moves&quot;","block_context":{"text":"Moves","link":"https:\/\/enterpriseam.com\/egypt\/category\/newsmakers\/moves\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/665866","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=665866"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/665866\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/665864"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/665867"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=665866"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=665866"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=665866"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=665866"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=665866"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}