Egypt, France airdrop aid to Gaza amid growing humanitarian crisis, global criticism of Israel    Supply minister discusses strengthening cooperation with ITFC    Egypt launches initiative with traders, manufacturers to reduce prices of essential goods    SCZONE chief discusses strengthening maritime, logistics cooperation with Panama    Egypt strengthens healthcare partnerships to enhance maternity, multiple sclerosis, and stroke care    Egypt keeps Gaza aid flowing, total tops 533,000 tons: minister    Egypt reviews health insurance funding mechanism to ensure long-term sustainability    Gaza on verge of famine as war escalates, ceasefire talks stall    Gaza crisis, trade on agenda as Trump hosts Starmer in Scotland    Egyptian president follows up on initiatives to counter extremist thought    Indian Embassy to launch cultural festival in Assiut, film fest in Cairo    Egyptian aid convoy heads toward Gaza as humanitarian crisis deepens    Culture minister launches national plan to revive film industry, modernise cinematic assets    Egypt will keep pushing for Gaza peace, aid: PM    I won't trade my identity to please market: Douzi    Sisi calls for boosting oil & gas investment to ease import burden    EGX to close Thursday for July 23 Revolution holiday    Egypt welcomes 25-nation statement urging end to Gaza war    Sisi sends letter to Nigerian president affirming strategic ties    Egypt, Senegal sign pharma MoU to unify regulatory standards    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt, Somalia discuss closer environmental cooperation    58 days that exposed IMF's contradictions on Egypt    Egypt's EHA, Huawei discuss enhanced digital health    Foreign, housing ministers discuss Egypt's role in African development push    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Egyptian economy in draft constitution
Published in Daily News Egypt on 11 - 11 - 2012

A fair pay for labour? Clauses under discussion include the economic structure of the country. (PHOTO BY HASSAN IBRAHIM)
The first chapter of the draft constitution was discussed on Sunday for the Constituent Assembly to vote on.
The first section on the main principles underpinning the state, titled “the state and society," contains the clauses pertaining to the economic structure of the country.
Article 13 to article 27 give guidelines on the economic system established in the constitution.
The objective of the national economy, according to article 13 of the draft released by the Constituent Assembly, is to achieve balanced sustainable development, protect the production and income increase, and guarantee social justice, and solidarity and welfare. The article also undertakes the protection of consumer and labour's rights, the fair distribution of wealth, and eradication of poverty and unemployment.
The preliminary draft pledges state protection of agriculture, natural resources, the Nile river, water resources, water surfaces, and beaches. It also obliges both the state and society to protect public funds and private property, confirming that expropriation is prohibited unless it serves “national interests."
The coordinator for Citizens against Price Hikes commented the draft saying that “this constitution is not in favour of the poor, the orientation of the current regime is clear, it is in favour of the rich," citing the electricity crisis and the increase in prices as proof of his claims.
The representative of the consumer group confirmed that neither his organisation nor the other consumer rights' groups were represented in the Constituent Assembly.
According to El-Asqalani social justice can be achieved through fair trade, just distribution of wage, and just taxation.
Fair trade, according to him doesn't harm the consumer or the producer, and it must be adopted in any country that seeks to implement a free market economy, through legislation that protects the poor and preserves the interest of the rich.
The political marketing coordinator of the youth committee at “The Free Egyptians" party Hazem Helal stated that the Constituent Assembly excluded many experts. He added the few words in article 13 are not enough to achieve the social justice, the article according to him did not contain any mechanisms or action plan to realise the principal demands of the 25 January revolution.
He added his youth committee demands a revision of this section and a reformulation that supports the development of the Egyptian economy internally and externally, the attraction of investment and the promotion of all income sources such as agriculture, industry, commerce and tourism.
The head of the Economic committee of Al-Noor Party Tarek Shaalan said “Egypt's problems are very complicated and I cannot come up with one set of actions that fit them all, that's why we suggest an economic vision foreseeing parallel systems."
The parallel systems, according to Shaalan, allow the applying of different laws in different zones to address issues such as subsidies, pensions, unemployment and the rental law.
“We have to create new cities following new codes and standards, like the European code, with special taxes and employment systems," said the economics expert. “These new cities and zones should be run according to flexible laws that don't impose minimum or maximum wages, or employment security in the public sector and that allow special taxation systems and the abolition of subsidies."
To achieve these goals, the Islamist party proposes an article that allows the passing of special laws, and is “currently lobbying with other parties to include it in the new constitution," said Shaalan.


Clic here to read the story from its source.