Minster hails parl't approval on domestic industry bill

CAIRO - 15 May 2018: Trade Minister Tarek Kabil hailed the parliament's approval to a bill on giving priority to Egyptian products in government contracts, as it is expected to enable the domestic industry to have a fair share in public procurement.

The draft law will contribute to creating a suitable atmosphere, where the domestic industry can compete in the local and foreign markets, through granting more privileges to the domestic product, the minister said in a statement on Tuesday.

Kabil stressed the importance of abiding by quality standards in products' manufacture, which in turn could help the domestic product to vie with the imported one.

The bill aims to support the national industry with all possible means and encourage investors to pump new investments in the industry sector, he added.