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Industry: Dumping policy continues
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On Saturday, the Ministry of Industry criticized the continuation of the policy of
dumping imported goods at the expense of the locality, and the absence of support for the national product.
In return, the Ministry seeks to operate the stalled factories and factories during the current year, and the trend is to support those seeking to develop productive factories, and to provide the opportunity for the advancement of the industry and the ability to return the local product.
The director general of the economic department in the ministry, Hashem Azzawi Muhammad, said in an interview with Al-Sabah newspaper, followed by Al-Iqtisad News, that “it is too early to talk about the positive impact of the high price of the dollar against the dinar in the industrial sector,” indicating that the industrial product needs a long period that may last Months for the provision of raw materials.
He added that "there is a problem represented by raising the customs tariff on some imported goods, which coincided with the change of the dollar exchange rate, with the continuation of the dumping policy of imported goods," explaining that this had a negative impact on the recovery of the national industry.
He pointed out that the high price of the dollar needs government policies by protecting the poor classes and supporting the pharmaceutical industries, ”indicating that the national industry since 2003 until now has been subjected to attacks by merchants, due to the lack of determination of state policy, whether capitalist or socialist.
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