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 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.
What happens next
The meeting closed by forming a joint Chamber–ministry committee, meeting weekly to follow implementation and reporting monthly to the federation’s board.
Every day of delay in customs release costs an importer more than any tax cut saves him.
Analysts expect no immediate effect on consumer prices: current stock covers market needs at least to the end of next quarter.
Where the divisions stand
- fully digital shop licensing 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
Samy Guirguis
Hala Soliman