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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.
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 meeting closed by forming a joint Chamber–ministry committee, meeting weekly to follow implementation and reporting monthly to the federation’s board.
The Chamber had earlier launched a trader training programme on e-invoicing, taken up by more than 2,100 participants across six governorates.
Analysts expect no immediate effect on consumer prices: current stock covers market needs at least to the end of next quarter.
A filmed report from الحدث اليوم — Food division head: stable prices are proof of ample supply.
The Chamber had earlier launched a trader training programme on e-invoicing, taken up by more than 2,100 participants across six governorates.
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.
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.
A filmed report from eXtra news — Food division member: the markets are relatively stable.
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.
A filmed report from قناة برنامج الشهبندر — El-Shahbandar on the chamber at the opening of Attijariwafa Bank Egypt’s branch.
Samy Guirguis
Mostafa Abdel-Latif
Mona Abdel-Hakim
Noha El-Sawy
Ahmed El-Shahbandar
