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Sunday, 10 February 2019

Print exporters offer alternatives to export subsidies

Printers are angling for alternatives to delayed export subsidies. Owners of printing presses are waiting for the payment of back-due export subsidies like everyone else. With the government signaling that it may be open to non-cash mechanisms of compensation, industry veteran Nadim Elias, the head of the Print Export Council, tells Al Shorouk newspaper that printers are interested in playing ball. Among this proposals: Being able to write off export subsidies against taxes owed, access to subsidized finance, or swapping subsidies owed for land that could be used to expand.

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