Member of the Board of Directors of the Cairo Chamber of Commerce presents 30 proposals to those in charge of the national dialogue to support the Egyptian economy

Fathi Al-Sayeh

Qinawy: Approving loans for Egyptian families with repayment periods up to 20 A year and low interest encourages internal trade

The head of the Importers Division at the Cairo Chamber of Commerce, and a member of the Board of Directors of the Cairo Chamber of Commerce, Imad Kenawy, submitted , with thirty proposals, to be presented to those in charge of the national dialogue, in order to support the national economy.

The head of the Importers Division at the Cairo Chamber of Commerce said that the proposals aim to address the current economic challenges, and help those in charge of economic policy In developing solutions to prevent the impact of any external shock from reaching the national economy.

The proposals include the following:

1- An urgent plan to pay External debt, by providing 30 million dollars per month for a period of 800 months, and gradually reducing bank interest rates by 4%. % annually to reach 2% after 5 years, and the adoption of a long-term installment system up to 14 And 18 a year with benefits not exceeding 4% for all the needs of the individual and the family.

2) Arranging financing for imports equivalent to export revenues.

3- Applying value-added tax on the final product and at the stage of delivery to the final consumer only.

4 All free professions, craft work, transportation, and communications are subject to value-added tax.

5- Amending social insurance to 20% is divided equally between the worker and the employer, and subject to accounting begins from the age of 26 years, and exemption for those under this age for his needs

6- Approve tax exemptions for specific activities for specific periods according to the rarity of this activity and its importance, and amend tax accounting to be annual and in installments 12 for a month without interest, and it is not permissible to review it again.

7- Not to allow the sale of land designated for industry, nor to assign it to others, unless it becomes a project, and to issue a certificate for the start of production.

9- Establishing a full-time voluntary economic council made up of former ministers, university professors, former bank presidents, and representatives of large and small agricultural, industrial, and service workers, to draw up policies, develop plans, follow up on their implementation, anticipate crises, and develop prior solutions.

10- Work without weekly days off There are no holidays, except for the two holidays and the Coptic holidays, and the worker gets leave alternately, but the project, bank or government department is not closed.

11- Arranging the necessary funding for supplies and raw materials, and it is a top priority such as food and medicine.

12 – adopting the fair pricing equation as a tax accounting basis, which is the real cost plus a profit margin Reasonable, and not relying on the equation of supply and demand, because it increases the repercussions of the crisis.

11 – In addition, saving in banks of all kinds is exempt from taxes, and therefore those who choose to be positive and contribute to production and employment are granted a tax reward as well.

(14- Adopting a plan to export qualified and trained labor to all countries of the world in cooperation between the labor force and all Egyptian consulates and embassies in the countries of the world.

14 – Spending unprecedented export incentives in terms of value and time.

14- Transparency between the government and the business sector, provision of data, clarity of investment, operational and productivity vision for a period of not less than 3 years.

19- Making a balanced plan to raise citizens’ incomes to a sufficient level over a period of 3 years.

18- Create a health plan and comprehensive health insurance for all citizens in a manner that preserves the dignity of the citizen, thus increasing the sense of satisfaction and community security.

17- Making a clear production plan based on correct data for real domestic consumption.

18 – eliminating sources of liquidity that are not resulting from growth in domestic production, because It has negative effects on inflation and rising prices.

18 – Certificates Dollars for workers abroad with high returns on the dollar, disbursed in Egyptian pounds, and he has the right to redeem them in dollars at the end of the period.

20- Increasing media, cultural, and scientific awareness among citizens, and shifting attention towards production, employment, and self-sufficiency instead of talking about the price of the pound, the dollar, and imports that frustrate society.

23- Establishing a special ministry for the foreign labor market, whose tasks will be to develop a plan based on the needs of the foreign market in cooperation with embassies, then it will rehabilitate, educate, educate and legalize the cadre, including That doctors instead of the word escape.

22 – Establishment of what is called the Industrial Bank similar to the Investment Bank And the Agricultural Bank, the Development Bank, and the Commercial Bank, and it shall have regulations, procedures, and decisions related to industry, and the establishment of a special ministry for industry, and laws related to industry must be approved, such as the Agrarian Reform Law, the Commercial Law, and the Investment Law.

25- Taking care of local production, and providing local alternatives to imported goods, especially finished ones, and thus reduce the import bill that exhausts the state in saving the dollar.

26- Removing obstacles for small investors and developing a clear plan to reach zero imports of finished goods by 2030.

26- Providing complete data across all sectors from the government on For each product (the volume of domestic consumption, the volume of domestic production, the amount of surplus and the amount of deficit) at the level of each product, specific information is extracted that is considered a comprehensive guiding investment map binding on the Egyptian economy, and becomes a guide for industrial licenses required for each field separately.

26- Supporting emerging and small entities in obtaining industrial lands for the value of services and financing by installments for a minimum of 5 years, and obtaining bank financing for construction for periods of a minimum of 5 years and financing production lines and working capital at a financing cost of no more than 3%. From the lack of supply by increasing local cash liquidity and increasing dollar sources for the necessary measure to provide raw materials and supplies, increase production, increase supply and increase competition in the markets, which has the greatest impact on curbing inflation and lowering prices.