Projects & studies

The Competition Authority warns of rising building-material prices

The Chamber had earlier launched a trader training programme on e-invoicing, taken up by more than 2,100 participants across six governorates.

The Chamber had earlier launched a trader training programme on e-invoicing, taken up by more than 2,100 participants across six governorates.

A number of importers argue that the proposed timetable needs a transition period of at least six months, so that small businesses can adapt their accounting systems.

Where the divisions stand

The ministry’s representative stressed that the new rules aim at transparency in the supply chain rather than at fixing prices, and that breaches will go to the Consumer Protection Agency.

The small trader is not asking for a subsidy. He is asking for one clear rule that does not change every three months.
Ahmed El-Shahbandar, Chamber board member

The meeting closed by forming a joint Chamber–ministry committee, meeting weekly to follow implementation and reporting monthly to the federation’s board.

What it means for traders

  • localising household-goods manufacturing among next quarter’s priorities
  • A review of the timetable with the trade divisions
  • A monthly report to the federation’s board

Analysts expect no immediate effect on consumer prices: current stock covers market needs at least to the end of next quarter.

Written by

Mona Abdel-Hakim

Editor-in-chief · 25 stories · 9,855 followers

Editor-in-chief at Bayt Al Toggar, following market decisions and what they do to trade and supply in Cairo.

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