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Sunday, 5 August 2018

Why did the new government turn its back on Tarek Kabil’s Automotive Directive?

Why did the new government turn its back on Tarek Kabil’s Automotive Directive? The government’s decision to scrap — or at least significantly modify — the Automotive Directive drafted and promoted by former Trade and Industry Minister Tarek Kabil has Al Masry Al Youm’s Hany Labib scratching his head. Labib takes note of our exclusive report from last week that the government is looking to replace the Automotive Directive with a policy of setting up special auto freezones offering tax and customs breaks to assemblers. He wonders aloud why current Minister Amr Nassar decided to draft his own policy from scratch — and why some incoming ministers feel that their success rides on erasing their predecessors’ legacy.

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