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Auto market escaped from an expected price hike wave in cars and spare parts coming from the UK due to Brexit.
22.12.20 | Interesting article at Daily News Egypt

The Egyptian auto market has escaped from an expected price hike wave in cars and spare parts coming from the United Kingdom as the country’s exports after Brexit no longer enjoy 0% customs under the European Partnership Agreement.


Alaa El-Sabaa, Chairperson of Elsaba Automotive and member of the General Automobile Division at the Federation of Egyptian Chambers of Commerce (FEDCOC), said that despite Brexit, the new UK-Egypt Association Agreement will ensure that British car prices are not affected.


He pointed out that the new agreement includes an important framework to ensure the continuation of preferential trade treatment for the products of the two countries, as it includes the same commercial advantages provided by the Egyptian-European Partnership Agreement.