Tawile Calls for Creating a Competitive Environment Within the Lebanese Economy

  • Economics
Tawile Calls for Creating a Competitive Environment Within the Lebanese Economy

Head of the Kataeb's Economic and Social Council Jean Tawile on Tuesday stressed the need to create a competitive environment within the Lebanese economy, calling to stop the monopoly that the political authority is defending.

"In this way the quality of goods will improve and will be at a lower price namely after the Lebanese industrialist can play with the market laws,” Tawile told Voice of Lebanon radio station.

"The national industry plays a main role and it is one of the major solutions to Lebanon’s economic crisis,” he said.

Tawile stressed that the Lebanese Central Bank and Lebanon do no longer possess a hard currency, voicing regret over such situation.

“Hard currencies were spent on corruption, favoritism, employment on one hand and stabilizing the exchange rate of the dollar on another hand”, he pointed out.

"There is a new dynamic in the economy that imposes itself. The high dollar exchange rate will lead to a rise in the commodity prices and reduce the purchasing power of the citizen,” Tawile added.

 

Source: Kataeb.org