Economic Relations Between Egypt and China 埃及投资机遇分

Egypt&China’sEconomicRelationsandBusinessOpportunitiesMohamedAbdallaThirdCommercialSecretaryEconomic＆CommercialBureauEmbassyofEgyptinBeijing–ChinaBeijing–China9thDecember2016EmbassyofA.R.EgyptEconomic&CommercialBureauBeijing-ChinaOUTLINEA.EconomicRelationsBetweenEgypt&China.OverviewaboutCooperationBetweenEgypt&China.BilateralTrade.ChineseInvestmentinEgypt.B.EgyptianEconomicPolicy.SnapshotoftheCurrentEgyptianEconomicSituation.EgyptianForeignTradePolicy.SustainableDevelopmentStrategy2030.EgyptianInvestmentPolicy&Environment.C.InvestmentOpportunitiesinEgypt.Strategic(MEGA)ProjectsSectorialInvestmentOpportunities.2A.EconomicRelationsBetweenEgypt&China.3EgyptandChinaareConnectedwithalongcivilizedhistory.Egyptisthe1stArabicandAfricanCountrytoestablishadiplomaticrelationwithPeopleRepublicofChina.BothCountriesarecelebrating60yearsofDiplomaticRelationships.4StateLeadersvisitsduring(Dec2014–November2016).4PresidentSisiVisittoChinaDecember2014PresidentSisiVisittoChinaSeptember2015PresidentXiVisittoEgyptJanuary2016OverviewaboutCooperationBetweenEgypt&China.PresidentSisiVisittoChinaSeptember2016MainEconomicAgreements5AgreementYearForeignInvestmentProtection(FIPA)/Agreement.1994Economic&TradeAgreement.1995DoubleTaxationAgreement.1997TradeDevelopmentAgreement.1997EstablishmentofEgyptianChineseCouncilAgreement.2002ComprehensiveStrategicPartnershipAgreement.2014FrameWorkagreementonproductioncapacitybuilding.2015CooperationAgreementundertheNewSilkRoad.2016OverviewaboutCooperationBetweenEgypt&China.TradeVolumebetweenEgyptandChinaduring2012-2015BilateralTradeRelationshipbetweenEgypt&China60.002.004.006.008.0010.0012.0014.0020122013201420151.301.901.160.928.208.4010.4611.909.5010.3011.6212.90Valueinbillion$EgyptianExportsChineseExportsTradeVoleumMainEgyptianExportstoChinaPetroleumoils&petro-chemicalMarbleCitrusMetalproductsBovineskinleatherRawcottonCeramicarticlesCarpetsPlastic&RubberLeatherproductsMainChineseExportstoEgyptCellPhonesElectronicsMachineries&EquipmentClothesChemicalsAutomotiveProductsConsumer’sproductsMetalproductsTextilesOthersMainExports&Imports7BilateralTradeRelationshipbetweenEgypt&ChinaChinaRankedNo.23amongthecountriesinvestinginEgypt.Thereare1269ChineseCompanies&ProjectsinEgypt.TotalChineseInvestmentvalueis$548million(tillApril2016).MainChineseCompaniesInvestingInEgyptChineseInvestmentInEgypt8B.EgyptianEconomicPolicy.9SnapshotontheCurrentEgyptianEconomicSituation1092MillionPopulationInflationRatein2015(12.5%)ExchangeRate:1$=17.8134EGP12.5%SustainableDevelopmentStrategy2030EgyptlaunchedonFebruary2016thefinaldraftofthecountry'ssustainabledevelopmentstrategyforthenext15years.11SustainableDevelopmentStrategy203012SustainableDevelopmentStrategy203013SustainableDevelopmentStrategy203014SustainableDevelopmentStrategy203015EgyptianTradePolicy16ExportsMaximization,ThroughTradeLiberalizationOperatingCostReductionTransparencyofTradeRegimeUpgrading&ImprovingPortServicesAttractingForeignDirectInvestment.ImportsRationalization,throughTransparencyofTradeRegimeRemoveTariff&NonTariffBarriersQualityControl&ProductStandardsUpgrading&ImprovingPortServicesNewMinisterialDecreeNo43in2016.EgyptianEconomicReformProgram17OnNovember11,2016,theExecutiveBoardoftheInternationalMonetaryFund(IMF)approvedathree-yearextendedarrangementundertheExtendedFundFacility(EFF)fortheArabRepublicofEgyptforanamountequivalenttoSDR8.597billion(aboutUS$12billion)tosupporttheauthorities'economicreformprogram.TheEFF-supportedprogramwillhelpEgyptrestoremacroeconomicstabilityandpromoteinclusivegrowth.OnOctober18,2016PresidentAbdelFattahal-SisiissuedadecreeestablishingaSupremeInvestmentCouncilaimedatencouragingmuch-neededinvestmentinEgypt.OnNovember3,2016CentralBankofEgypthasfloatedEgyptianPound,asanimportantsteptargetingeconomicreform,centralbankhasalsoincreasedinterestratesby3percentagepointsto14.75%.InvestmentPolicy&EnvironmentinEgyptWhyEgypt?LocationSkilled&CompetitiveLaborLargeConsumptionMarket18InvestmentPolicy&EnvironmentinEgyptWhyEgypt?DevelopedInfrastructureCompetitiveTaxandCustomRatesAvailabilityofRawMaterials19InvestmentPolicy&EnvironmentinEgyptWhyEgypt?StrongBankingSystemDemandSurplusEconomic&LegislativeReforms20WhyEgypt?InvestmentPolicy&EnvironmentinEgypt21PreferentialTradeAgreements(1.6BillonPerson)Egyptian–EUPartnershipCommonMarketforEastern&SouthernAfrica(COMESA)AgadirAgreement(Morocco–Tunisia–Jordan)FreeTradeAgreementswith(MERCOUSOUR–Turkey)Egyptian–EFTAFreeTradeAGREEMENTGreatArabFreeTradeArea(GAFTA)InvestmentPolicy&EnvironmentinEgyptEgyptianInvestmentRegimesRegimesInlandInvestmentFreeZonesSpecialEconomicZonesInvestmentZonesPublicPrivatePartnership22InvestmentPolicy&EnvironmentinEgyptEgyptianKeyInvestmentRegulationsRegulationsInvestmentZonesLawNo19of2007CorporateLawNo159of1981PublicPrivatePartnership(PPP)LawNo67of2010SuezCanalSpecialEconomicZonesNewInvestmentLaw201523InvestmentPolicy&EnvironmentinEgyptInvestmentIncentivesCustomdutiesexemptions:Completeexemptionsforthefreezones.Customsdutiesflatrateof5%onimportede