Vehicle Tariff Changes Will Enhance Growth Potential

A new trade agreement between Egypt and the EU, which came into force this year, will give European carmakers a 10% reduction on import tariffs and access to a vehicle market that BMI forecasts will almost double over the next five years. While domestic carmakers were initially concerned about the introduction of cheaper imports, it is now being seen as an opportunity to raise standards, which will in turn improve the industry's export

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