Egypt's parliament to discuss the future of paper and drug industries this week

Gamal Essam El-Din , Saturday 7 Dec 2019

The discussion will come in terms of a number of hearing sessions beginning on Sunday, and with the presence of a number of cabinet ministers

Farag Amer
Head of the Egyptian parliament's industrial committee Farag Amer (Photo: Al-Ahram)

Farag Amer, head of the Egyptian parliament's Industrial Committee, told the media this week that the committee will begin on Sunday holding a national dialogue on the future of Egypt's paper and drug industries.

"The dialogue will come in terms of holding two hearing sessions on the two industries. Cabinet ministers responsible for these sectors will be invited to answer questions and address MPs," said Amer, indicating that "on Sunday morning, we will discuss the national strategic industry of paper production which currently faces a number of problems such as the expensive price of energy (electricity and natural gas), high custom duties and taxes, and the dumping of the local market with substandard imported paper."

Amer said the ministers of trade, industry, petroleum, and finance will be invited to attend the meeting and answer questions.

He added the ministers of health, population and public enterprise will be invited to address the second meeting on the problems facing the drug industry on Monday.

"The meeting on Monday will be devoted to discussing the future of the national drug industry and the problems it is currently facing in terms of low financial resources, lack of supervision, lack of necessary raw materials, difficulties in registering pharmaceutical products and the irrational and random pricing of drugs," said Amer, arguing that as a result, "the drug market in Egypt has recently come to suffer from a shortage in vital drugs."

Amer said the committee will also discuss Prime Minister Mostafa Madbouly's recent initiative aimed at activating the industrial sector in cooperation with the Central Bank of Egypt by providing a loan of EGP 100 billion with low interest rate to promote the current industrial activities.

"This initiative is very important because it primarily aims to keep Egypt's current high economic growth rates in place on the long run," said Amer. 

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