Jaber aims to lower Lebanon’s manufacturing costs

Finance Minister Yassin Jaber has proposed a draft decree to revoke the increase in tariffs on imports, specifically for items (322) and (522), and to revert them to the rates outlined in the customs tariff law No. 38 of 2026. This measure aims to support Lebanese industries by reducing production costs, which will positively impact consumer prices and encourage competition with imported products. The support will directly benefit factories that can demonstrate their industrial capabilities, with the goal of enhancing their competitiveness, balancing revenues, and bolstering productive sectors to achieve economic recovery and create employment opportunities.

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