(The Daily Star/Hasan Shaaban)
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Lebanese food companies and factories have been enormously impacted by the deteriorating economic situation in the country amid the absence of support by the government, representatives of the food industry said at the HORECA 2016 exhibition Tuesday.Saliba attributed this problem to the absence of tourists which resulted in a shortage of liquidity for businesses that purchase his products.Saliba said that his business is currently relying mainly on local customers in the absence of tourists.Sfeir said that Societe Jabra, like many other companies, has also been faced with illegal competition from businesses that smuggle their products into the country, bypassing customs.Saliba reiterated Sfeir's comments, saying that he imports balsamic vinegar by paying customs fees of up to 70 percent while other importers sell the same quality of product at a much lower price. This year's exhibition will feature 385 companies and 15 different events overseen by some of the most famous and highly skilled local, regional and international experts.Daniel's remarks were repeated by Ziad Atik, general sales manager at Taanayel Les Fermes, who said that his company pays a huge electricity bill due to the lack of government support, unlike the case of other Arab countries.
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