The General Union of investors said that the problems causing increase in foreign payment, foremost among which is the continued inflation in imports because of the low quality of domestic production and the costs lower than costs in competing countries, this problem can be solved by raising the burden upon the production process like other countries.

Mr. / Farid Khamees, head of the General union of investors also stressed the need to confront contraband goods that enter the country, which  considered pandemic  threatening the domestic industry, adding that the solution in applying strict actions by the government to prevent smuggling by reinforcing the punishment and raising the ceiling of the standard specifications.

Investors also pointed to another problem lies in the non-imposition of dumping and protection plus, non-use of WTO rules which  prevent tariff increases when the industry is exposed to unequal competition, and can minimize the impact of this by resorting to the restrictions on balance of payments, because the articles of  international agreements allow imposing restrictions on imports temporarily to protect the balance of payments in the case of decline that may affect the foreign exchange reserves.