This time, industry is a priority
With Lebanese industrialists having dealt a heavy blow in recent years, their demands seem now, not to have fallen on deaf ears.
Government plans to boost protection laws to help the country’s industry sector stand on its feet. According to the Industry Ministry Vreig Sabounjian, the Ministry submitted a draft proposal to the government to reduce the tax on profits derived from industrial exports. Plans include exemption of industrial machinery and raw materials from port fees and establishment of export companies.
An opinion survey conducted by the Chamber of Commerce, Agriculture and industry in Mount Lebanon, in the four months of 2011, showed that industrial sector policy should focus on reducing high costs of production and raising customs duties. A total of 34 percent of surveyed industrialists seek reducing local costs while 30 percent seek protection on customs.The rest focuses on free trade, seeks investment incentives, protectionist barriers through high custom duties and upgrading infrastructure support free movement of labor.
According to the last survey carried out by the Lebanese government in 2007, there were 4,033 industrial establishments in Lebanon compared to 22,000 establishments in 1998, with the workforce in that sector is focused in the province of Mount Lebanon reaching 50,422 workers.
In recent years, the industrial sector has struggled to remain immune to political squabbling. Lebanese factories which produce quality and value added products have gained a big market share in the overseas markets because of their good reputation. Manufacturers, however, have long complained about high energy costs, electricity bills and the increasing cost of imported materials.
With the number of issued industrial licenses reached 206 in the first half of 2011, many in the sector are optimistic about the measures taken by the government, being a significant step towards encouraging industrial investments in the country.
STRATEGIES & PLANS
A fundraising event, entitled Think Green, will be held by Zero Waste ACT for all its business members on September, 10,2013, at WHITE, Dora.
The Green Mind Association invited all Green Mind Award Participants, finalists, runner ups and winners to the GREEN MIND DAY on Jan-16-2013 in Beirut, to create a platform where interested Venture Capital and Potential Investors met with participants.
A green initiative launched by Ashrafieh 2020 project aims to transform Ashrafieh into a tranquil and unpolluted area.Green spaces allow residents to walk and ride bicycles.