Chammas wants the Finance Ministry to give traders leeway on taxes.
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Trade activity in Lebanon dropped remarkably after the beginning of the Syrian war, prompting a large number of local companies and businesses to go out of the market, said Nicolas Chammas, president of Beirut Traders Association, Wednesday.Chammas' remarks came on the sidelines of a lunch held at Monroe Hotel to discuss the measures that need to be taken to curb the consequences of the deteriorating economic situation on the trade sector. Chammas noted that retail sectors in the country are hurting.Measures proposed by Chammas include subsidized loans by the Central Bank for investments in the trade sector similar to facilities given to other sectors such as agriculture, information technology and industry.
Hajj Hasan says Syria trip aims to boost trade
BLOM boss: Don’t overload Central Bank
Economists urge government to reduce deficit
FOLLOW THIS ARTICLE