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The building-materials division approves lower customs release costs

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

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

The Chamber’s view

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.

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 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.

Where the divisions stand

  • rising building-material prices among next quarter’s priorities
  • A review of the timetable with the trade divisions
  • A monthly report to the federation’s board

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.

Ahmed El-Shahbandar

Written by

Ahmed El-Shahbandar

Managing editor · 36 stories · 7,587 followers

Managing editor at Bayt Al Toggar, following market decisions and what they do to trade and supply in Cairo.

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د. سماح عبد المطلب

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