The Japanese External Trade Organization (JETRO) will organize a visit by a Japanese businessmen delegation to Cairo to boost trade and investment.
The decree will be applied to cars that are imported as of October of the model year through September of the following year.
In April, sales of passenger cars recorded a 26 percent decline, affected by the precautionary measures imposed by the government due to COVID-19.
This comes despite auto market sales in Q2 of 2020 reportedly being declining 3.8% y-o-y, and 35.3% quarter-on-quarter, amounting to 37,400 units.
The beginning of 2019 witnessed the full application of the EU-Egypt Association Agreement which removed tariffs on European origin cars.
Egypt’s vehicle sales dropped by 5.2 per cent year-on-year in February to reach 10,857 vehicles, down from 11,454 vehicles last year.
Passenger car sales were down by 10 per cent during the period from January to May 2019, according to the July report of the AMIC.
The zero tariffs will also be applied on some Korean and Japanese cars produced in European Union countries.
Report provides key statistics on the market status of the Third-Party Logistics (3PL) manufacturers & is a valuable source of guidance & direction.
He pointed out that the companies' offer of electric cars does not mean they will be able to release them in Egyptian streets soon.
The 35th article assigns the seller to submit a technical report about the vehicle’s exact condition and defects, issued by a licensed service center.
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