Crash course for the auto market – Features – Al-Ahram Weekly

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Egypt’s auto sector continues to suffer from instability and unprecedented price hikes due to supply shortages caused by import complications and hardships experienced by importers because of shortages of the foreign currency they need for import documents such as letters of credit.

The spare parts sector that imports parts essential for repair and maintenance is also in trouble because spare parts are classified as imported goods and not as manufacturing materials that can be imported without advance letters of credit.

Importing spare parts requires foreign currency, which is in short supply. This has resulted in a serious scarcity of spare

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