23 Hrs
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اليوم السابع
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Deputy Mohamed El-Gendy urges import reordering and local industry boost
Member of the Egyptian Senate, Deputy Mohamed El-Gendy, called for a reorganization of import priorities and to strengthen the local product in order to boost the national economy. He pointed out the importance of rationalizing unnecessary imports and increasing the local component in products whenever possible, to support domestic industries and reduce reliance on foreign currencies. He also emphasized that increasing local production enhances the competitiveness of Egyptian products and supports exports. Additionally, he stressed the need to activate trade exchange mechanisms such as barter and settlements in local currencies with countries with strong trade relations, to secure basic needs without fully relying on the dollar, and to achieve a balance between the needs of the local market and export requirements.
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