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Sunday, 2 July 2017

Draft Automotive Directive to be ready in the near future -EAMA head

Compromise on the automotive directive at hand? We might yet live to see the automotive directive issued in the near future as talks between the Trade and Industry Ministry and the legislation’s detractors appear to be progressing, according to statements by Egyptian Automobile Manufacturers Association (EAMA) head Hussein Moustafa to Youm7. He (being one of those detractors) implied a draft which appeals to both importers, who are against the legislation, and manufacturers to be ironed out “soon.” No details were provided on compromises reached. The bill — which offers incentives to encourage local assemblers to move further up the value chain into manufacturing — has been in a deadlock for several months due to opposition from car importers and the EU. But the Trade and Industry Ministry has been engaged in a little shuttle diplomacy (pun not intended) to salvage the legislation, forming a committee to look into breaking the deadlock.

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