Q&A – Vrej Sabounjian

The new Minister of Industry, Vrej Sabounjian, has made his mark in Lebanese business as the president and owner of the food service and laundry manufacturing firm, Vresso. Having just gotten his seat warm at the ministry following his appointment, Executive met with him to discuss his vision for the sector.  E:  Do you have any intention of pursuing a policy of tax exemption on income from exports?  I am pro that decision 100 percent with some little modifications.  I think she [former Minister of Finance, Rayya Hassan] wanted to limit it for only five years. Industry doesn’t return its capital within five years, so I suggest somewhere between 50 and 100 percent tax credit on exports without a time limit. E:  How much continuity can we expect from this government with regards to previous policies in the industrial sector?  The minister who was here was doing a great job, taking