Rashid: Lifting iron dumping fees,
economic decision not political
Minister of Trade and Industry, Rashid Mohamed Rashid said that the
decisions he has recently taken on lifting dumping fees on Egypt's iron
imports were economic not political ones in coordination with the Ministry's
Anti-Dumping Agency and those who lodged complaints to the Minister.
Rashid in a forum organized by the State Information Service (SIS) on Tuesday,
stressed that he works against any kind of monopoly whether committed by the
state-owned companies or the private sector for the interest of the Egyptian
citizen's right to obtain good quality commodities at affordable prices.
The Minister added that he met with the cement local producers to discuss
reasons behind its price hike in a bid to strike a balance in the building
materials market.
He pointed out that amalgamation of the foreign trade and industry reflects
the government's keenness to modernize the industry. "Meanwhile upgrading
the products' competitiveness and "made in Egypt" slogan is our base
to catch globalization and compete in international markets," he said,
adding that he pays attention to Upper Egypt and the industrial zones existing
there.
He lauded the role played by SIS in presenting Egypt's true image on the
foreign level in a way that lead to a jump in investments and commercial ties
with the outside world. .
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