26
Egypt plans to implement a mechanism banning the import of any product that has a local alternative, in order to support the national industry and reduce the import bill, according to Minister of Trade and Industry, Nevin Gamea.
The current time is appropriate to boost domestic manufacturing in light of the coronavirus crisis, through removing obstacles facing manufacturers and providing production materials to enhance competitiveness.
This came during a meeting held by the Minister of Industry – via video conference – with members of the Egyptian Businessmen Association to discuss the impact of imports on the local industry in the post-coronavirus.
