AMMAN — Representative of the electrical and electronics sector at
Jordan Chamber of Commerce (JCC), Hatem Al-Zoubi, reported a 50 percent decline
in the electrical sector's business activities since the beginning of 2022, according
to the Jordan News Agency, Petra.
اضافة اعلان
In a statement on Saturday, Zoubi said the electrical sector has suffered
"a very harsh and unprecedented summer season, due to the citizen's weak
purchasing power".
"The sharp decline in the volume of sales was accompanied by a significant
increase in the large stock of goods and imports, accumulated in warehouses of
importers and traders, which had financial consequences, whether in terms of
profits, wages and storage operations," he said.
Zoubi attributed the decline in electrical and electronics sector to the "weak"
purchasing power of Jordanians and the high cost of living, which led to a reluctance
to purchase electrical appliances, except sets to meet the most urgent needs.
Exacerbating the situation in the future, merchants stocked up huge goods in
their warehouses due to the large import quantities, which would be accompanied
by a drop in their value and lead to high financial consequences due to loans
that will cause "great" losses to suppliers and traders, amounting to
about 25 percent, Zoubi said.
Electrical and the electronics sector is linked with other commercial
activities, especially housing and construction, which requires providing all
necessary support with regard to deferring loans until the end of 2022, and
granting financial facilities at reduced prices, he said.
Zoubi called on the concerned authorities to grant tax exemptions for the
electrical sector, whether customs tariffs, which range between 15 to 25
percent.
He said trading in electrical appliances in the local market is witnessing
"high" competition due to multiple sources of imports and the large
number of the sector's merchants, whose number exceeds 3,000, adding this
business created thousands of job opportunities.
Additionally, prices of electrical appliances in the local market are
"affordable," and have dropped by reasonable rates ranging from 10 to
20 percent, he noted, adding that some merchants sell for less than the purchasing
cost to fulfill their obligations.
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