Adopting mechanisms that enhance the market share of Palestinian products

Industry experts have called for the adoption of mechanisms to boost the market share of Palestinian products by creating a conducive legal environment, tightening controls on non-compliant products, and implementing the recommendations of the Import Substitution and Anti-Dumping Committee.

Minister of Industry Arafat Asfour confirmed that the share of Palestinian products on store shelves has exceeded 40%, thanks to supportive legislation and a financial system that has contributed to the development of industrial companies. He stressed the importance of reducing energy costs to enhance competitiveness and protect national products from campaigns of doubt and rumors.

For his part, Abdul Hakim Fuqaha, head of the Food Industries Union, pointed to the challenges facing the industrial sector, calling for addressing the shortcomings of relevant institutions in supporting industry.

Meanwhile, Salah Haniyeh, head of the Consumer Protection Association, called for expanding partnerships with the private sector and opening new markets, while focusing on quality and modern standards in production and marketing. He pointed out that Israel’s share of Palestinian exports remains stable at 83%-84%, while imports from it have declined from 70% in 2014 to 54% in 2023, most of which are concentrated in specific goods such as electricity, petroleum products, animal feed, medicines and cement.