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Sunday, 16 December 2018

Egypt’s car component makers eager to see sector development strategy in action

Auto components manufacturers want to see the government implementing a sector development strategy that sets uniform quality standards, provides incentives to exporters, and introduces protectionist policies by disallowing cheaper, poorly made imports, member of the Federation of Egyptian Industries’ automotive components division Khalid Khalil said. Trade Minister Amr Nassar said earlier this month that his ministry is planning to introduce policies aimed at attracting foreign investments to the sector, pouring cold water on the introduction of the so-called automotive directive — legislation which would have local assemblers incentives to start manufacturing.

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