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400 factories close in Lebanon because of unfavorable environment
5-6-2017
Al Diyar daily reported the shutdown of around 400 small and medium industrial factories in Lebanon over the past year, according to informed industry sources. The newspaper drew attention to earlier warnings by the industry minister about an imminent collapse of the sector, but these were taken lightly by concerned authorities. The newspaper wondered why the assigned economic ministerial committee under prime minister Hariri has not convened to date? Above sources disclosed that the ministry of trade and economy has received but did not respond to 16 complete industrial files that spelled out the weaknesses and challenges facing 17 industrial items presently at risk of either dumping or annihilation. The sources pointed out that industrialists continuously complain about the absence of a supportive environment at the MoT&E. They stressed the need to accelerate the adoption of measures that protect national industry, chiefly, the imposition and enforcement of tariffs on imported goods that can be fully produced or sufficiently processed in Lebanon. The government has a year before the parliamentary elections, which is enough to enact necessary protective procedures, the sources noted. (Al Diyar, June 3, 2017)
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- العربية
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