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,
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.