25/02/2013
Al-Masry Al-Youm Newspaper 2013/FEBRUARY /25
The government interference to rationalize import and limiting attrition of foreign currency balance – the necessity to support Egyptian Organization for Standardization and Quality to complete Egyptian standardized specifications regime as a hindrance in face of goods that are low qualified – overcoming voices calling for weakening of standardized specifications and other procedures clarified and emphasized by the article in consider that such procedures are applicable in all axes fully and meaningful at the same time, until Egyptian economy passes the current crisis it faces.(Available in Arabic – German in PDF)
The article indicated that what the area witnesses now regarding the pound value decline, versus a continuous increase of Dollar’s value and a collection of other currencies are wished not to get out of dominance circle. The article demanded the necessity of the government interference to rationalize export, limiting depletion of foreign currencies balance, returning to what had been applied in a previous similar stage to the current economic status, allowing import of industrial sector necessities interfering in its specialization and limiting of export of provocative goods, whether by avoidance of exporting them or raise of their custom duties, as well as differentiation of custom duties applied on production materials and necessities imported by industrial sector, to satisfy its needs as a result of such raiding of these elements. It also demanded the necessity to enhance Egyptian Organization for Standardization and Quality to complete Egyptian standardized specifications regime, what stands as a hindrance in face of goods that are low qualified and non applicable to specifications to get in our markets with their reduced prices to corrupt them and harm the Egyptian consumer, as well as overcoming continuous smuggling cases via whatever means other than custom windows on a security basis on one hand and limiting necessary cash transfers of hard currency on the other hand.