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 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 figures in brief
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.
The small trader is not asking for a subsidy. He is asking for one clear rule that does not change every three months.
Analysts expect no immediate effect on consumer prices: current stock covers market needs at least to the end of next quarter.
What it means for traders
- 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
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
Mona Abdel-Hakim