The Chamber had earlier launched a trader training programme on e-invoicing, taken up by more than 2,100 participants across six governorates.
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.
How the decision came about
Analysts expect no immediate effect on consumer prices: current stock covers market needs at least to the end of next quarter.
Every day of delay in customs release costs an importer more than any tax cut saves him.
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.
The figures in brief
- 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
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.
Ahmed El-Shahbandar
Reem El-Qady
Noha El-Sawy