IN GOOD COMPANY

INDUSTRY DECLARES STATE OF EMERGENCY

he Association of Lebanese Industrialists (ALI) announced an ‘industrial emergency’ on Wednesday, calling on the government to save the country’s industry, jobs, and economy. “Tens of manufacturers are close to shutting down their factories due to dumping, smuggling, and unlicensed factories,” said , Chairman of ALI. The association gave the government 100 days to take measures to save the industrial sector. ALI requested a comprehensive vision and strategy for reviving the sector and economy. They demanded the closure of all illegal factories, implementation of trade agreements based on reciprocity, implementation of laws on the books, a review of industrial costs, injection of liquidity in the market, and a reduction of borrowing costs. , Minister of Industry, joined voices with the industrialists. “I meet on daily basis manufacturers that are screaming about dumping, the drop in their business, and threatening to close their business,” Abou Faour said. The. Parliament has a lobby of 19 industrialists that will work hard to save the sector, Frem said. The MPs will work on customs protection measures, develop the law related to the National Social Security Fund (NSSF), and propose new laws that encourage and incentivize investments, and will set strategies with all ministries to boost productive sectors.