The Cairo Chamber of Commerce reviews lower customs release costs
The meeting closed by forming a joint Chamber–ministry committee, meeting weekly to follow implementation and reporting monthly to the federation’s board.
The meeting closed by forming a joint Chamber–ministry committee, meeting weekly to follow implementation and reporting monthly 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.
What happens next
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.
Verdict
The fair, reviewed
Well organised, and busier than expected.
- Organisation 8.8
- Turnout 8.0
What we liked
- A wide turnout
What we didn’t
- Cramped floor space
The small trader is not asking for a subsidy. He is asking for one clear rule that does not change every three months.
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.
How the decision came about
- new pricing rules for staple goods among next quarter’s priorities
- A review of the timetable with the trade divisions
- A monthly report to the federation’s board
He added that stock turnover improved by close to 12% over the last quarter, but that the cost of finance remains the first obstacle to expansion in the governorates.
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