Abou Faour Says Industry ‘Devastated,' ALI Declares State of ‘Industrial Emergency’

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The Association of Lebanese Industrialists (ALI) declared on Wednesday a “state of industrial emergency,” while Industry Minister Wael Abou Faour said the sector is “stricken with a catastrophe.”

In a press conference, head of the ALI Fadi Gemayel pointed out to “deteriorating” conditions and the absence of serious government efforts to address the situation.

"We refuse the continued ignorance of our demands because we are just around the corner to close factories and institutions,” said Gemayel.

He called for the “adoption of a series of urgent measures within the framework of an integrated economic plan,” adding that the association would leave its meetings open to keep up with the difficult stage.

The ALI head stressed that “illegal institutions must be shut down, corruption must be fought and laws must be applied on all without discretion.”

For his part, Abou Faour said: “Lebanon’s industrial sector is doomed because of absence of political vision that gives the industry the prestige it deserves in the mind of the decision maker.”

“Declaring a state of emergency should lead to a set of actions by the Government in cooperation with industrialists,” he added.

“Industry is functioning today without any protection or support. A major part of agreements between Lebanon and other countries need to be reviewed because they are unfair. The practice of reciprocity is not applied in Lebanon,” he added.

SourceNaharnet
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