Amidst the talk regarding the tendency to raise the customs dollar, attention turned to an active and efficient sector that would witness an increase in prices due to its definitive link to the dollar.
This sector includes shops and establishments selling auto parts of all kinds, and is considered essential in the commercial field, and it is linked to import, which means that customs duties will affect it directly.
However, this sector needs a huge amount of dollars annually for its continuity, which means that it has faced great pressures in light of the current crisis.
The captain of the used car importers in Lebanon, Elie Azzi, says to“Lebanon 24” “There is no specific figure for the volume of car parts imported from abroad,” but he clarified that “there are large quantities that enter the local market annually.” He added, “As long as we import used cars, we need spare parts on an ongoing basis, and this is self-evident.”
Azzi pointed out that “there are fears that the auto sector will be affected in general due to the tendency to raise the customs dollar,” noting that “when importing cars declines or stops, all other sectors related to cars will suffer a setback.”
Azzi predicted that the prices of car parts might increase by 50 to 60% if the customs dollar was approved according to the exchange platform, and said, “Citizens are the victims of the price difference, while wages are still the same and purchasing power has declined significantly.”