Analysts expect no immediate effect on consumer prices: current stock covers market needs at least to the end of next quarter.
The meeting closed by forming a joint Chamber–ministry committee, meeting weekly to follow implementation and reporting monthly to the federation’s board.
How the decision came about
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.
The small trader is not asking for a subsidy. He is asking for one clear rule that does not change every three months.
The Chamber had earlier launched a trader training programme on e-invoicing, taken up by more than 2,100 participants across six governorates.
What it means for traders
- falling global grain prices among next quarter’s priorities
- A review of the timetable with the trade divisions
- A monthly report to the federation’s board
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.
Mostafa Abdel-Latif
Ahmed El-Shahbandar