ArabFinance: Minister of Trade and Industry Nevin Gamea directed to form a committee to review the criteria based on which a product can be labeled as "Made in Egypt," Al Shorouk news website reported.
Manufacturers, under law number 27 of 1994, have to use at least 25% of their components from local sources for their commodities to be considered Egyptian.
In July, the government launched an initiative that aims to encourage the purchase of local products. The initiative is set to increase consumer spending by EGP 125 billion.
Copyright © 2020 Arab Finance Brokerage Company All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
