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Gamea discusses with EBA boosting national industry
5 July 2020  -  Organization :  -  Sector/Entity :  -  Category : General

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The MTI is currently seeking to set a clear mechanism to implement the Cabinet’s decision not to import any product that has a local alternative.

Cairo- July 5, 2020

Minister of Trade and Industry Nevine Gamea has held a virtual meeting with members of the Egyptian Businessmen Association (EBA) to discuss the impact of imports on the local industry at the time of the COVID-19 pandemic and how to deepen the national industry, promote exports and increase their added value.

She stressed that the ministry is currently seeking to set a clear mechanism to implement the Cabinet’s decision not to import any product that has a local alternative, in order to support local industry and help reduce the country’s import bill.

“This is the right time to deepen domestic manufacturing. We are committed to removing obstacles hindering manufacturers, providing production requirements and matching costs, so that the local product can compete with its foreign equivalent,” Gamea said.

 

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