Economic Group Bans Imports With Local Alternatives

The Economic Ministerial Group, chaired by Prime Minister Ibrahim Mahlab, issued on Monday 1252014 a decision banning all governmental bodies from importing products that have a local alternative.

The concerned ministers should give their approval first, the group decided.

During the meeting, the group has reviewed increasing raw materials’ added value. The meeting discussed ways to reach the highest possible added value from manufacturing mining materials and quarries.

It also tackled food prices and ways to increase the supply of goods as well as the measures taken by the Central Bank of Egypt to maintain stability of foreign exchange market.

Source : Egypt State Information Service