The Industrial Development Authority’s launching of a new cigarette manufacturing license in Egypt for companies according to specific conditions has sparked many positive reactions, especially the returns to the economy and the general budget from it, in addition to ending the monopoly of this important industry, which is reflected in the quality of products and the direct benefit of citizens.
Dr. Ahmed Abdel-Hafez, a professor of economics, says that the issue of monopoly is a problem in global and capitalist economies, pointing out that if a new company to manufacture cigarettes in Egypt is entered according to the conditions brochure presented by the Industrial Development Authority, this is very positive to increase competition and prevent monopoly, explaining that the situation It will change, for example, in telecommunications companies before, and the result will benefit the economy, the citizen, and so on.
He explained that the cigarette industry in the presence of one company is harmful to the economy, but opening the way for new companies and their entry into competition has very large positive effects on cigarette prices and quality, and on increasing state revenues, and it is important to prevent monopoly in the coming period.
Dr. Ahmed Abdel-Hafez added that competition is important and beneficial to emerging economies in developing countries and economies that need this type of having more than one company to increase production and increase investments, employ more labor and improve quality and service, and it also has a significant positive impact on industry and the economy, especially since the smoke industry Important and it has a very, very big demand in Egypt, and therefore entry to electronic cigarettes and heated tobacco with competition and preventing monopoly is also important.
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