The importers division sets out export facilities into African markets

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

The Chamber’s view

Chamber figures put the number of registered businesses at 41,000, up by 3,400 on last year, most of them in retail and logistics.

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

The figures in brief

• e-invoicing rules for retail among next quarter’s priorities
• A review of the timetable with the trade divisions
• A monthly report to the federation’s board

The division head said the meeting examined the direct effect of the decision on supply inside the local market, and that the Chamber submitted a detailed memorandum carrying traders’ proposals on the timetable.