EGYPT’S LOCAL PRODUCTION SUPPORT FAILS TO GAIN SUPPORT – AND IS NOW UNDER REVIEW
August 1st, 2017
THE EGYPTIAN government has said it will use German consultants to fine tune a planned subsidy system benefiting Egypt-based assemblers who source parts domestically. The goal of the ministry of industry is to smooth concerns about the incentives at the European Commission, the European Union (EU) executive, which wants freer trade between the EU and Egypt and views Egyptian government plans to favour local parts sourcing as a trade barrier.
Under a draft law, Egyptian auto companies would receive a payment from the government matching a certain percentage of a ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.