Nevin Jameh, Minister of Trade and Industry, and Dr. Ali Al-Moselhi announced, The Minister of Supply and Internal Trade agreed with the Egyptian Chambers of Commerce on the necessity of adhering to prior contracts in accordance with the prevailing prices before the increase in the dollar exchange rate and the economic repercussions that preceded it worldwide. In addition to the commitment of the Chambers of Commerce and Industry to maintain an abundant supply of goods and products and price stability, And studying the contribution of the chambers of commerce by 2.5% of the chambers’ cash reserve in providing a Ramadan bag, in coordination with the governors.
This came during the expanded meeting held by the two ministers at the headquarters of the Ministry of Trade and Industry with the heads of 27 chambers of commerce and representatives of the Federation of Egyptian Industries to discuss ways to provide basic commodities to citizens, especially with the approach of the holy month of Ramadan. In the presence of Ayman Hossam El Din, Head of the Consumer Protection Agency.
She said that the chambers of commerce are a major partner for the government in controlling prices and providing the local market’s needs of all commodities and food and industrial products. It is also an essential supporter for achieving stability in the local market. Pointing out the importance of the “Welcome Ramadan” exhibition, which is currently being held in Cairo and the governorates, in providing products and maintaining price stability.
Jameh stressed the government’s keenness to provide citizens’ needs of consumer and food commodities at reasonable prices and to take all necessary measures to provide these basic commodities and increase the supply of them. and pointed out that the government’s efforts are aimed at confronting the high prices of commodities in the markets by providing commodities at reduced prices to relieve the burden on citizens, especially those with low incomes.
and referred to the continuous coordination with the General Federation of Chambers of Commerce and the Federation of Egyptian Industries and producers with the aim of providing the local market’s needs of commodities and food products in light of the economic repercussions the world is currently witnessing. Pointing to the important role of the private sector in supporting the state’s efforts to provide the needs of the local market and work to stabilize prices.
Jameh added that the ministry issued during the last period a number of decisions to prevent the export of some strategic goods for a period of 3 months aimed at maintaining the stock of these goods in the local market in light of the current global economic repercussions.
She noted that the ministry has received, during the past few days, a large number of complaints from citizens as a result of their being affected by some agencies and stores raising the prices of engineering goods, most notably cars and electrical appliances, despite the fact that these citizens paid the advances to purchase these goods.
For his part, Dr. Ali Al-Maslihi, Minister of Supply and Internal Trade, stressed the importance of achieving stability in the prices of food commodities until the end of the blessed month of Ramadan, according to the prices in force before the Russian-Ukrainian crisis and the increase in the dollar exchange rate. Pointing out that there is complete coordination and agreement between the government and members of the chambers of commerce to confront harmful commercial practices that affect the circulation of goods and services in the Egyptian market.
Al-Moselhi pointed out the need for manufacturers and importers of engineering goods to abide by the prices approved before the crisis, with regard to prior contracts with citizens. Pointing out that the government represented by the Consumer Protection Agency will not hesitate to take deterrent measures to stop the phenomenon of unjustified price hikes, To protect the rights of consumers
The Minister of Supply and Internal Trade praised the efforts made by the Chambers of Commerce during the current year through solidarity and cooperation with traders and manufacturers to produce distinguished results that were positively reflected on the local market, as well as organizing a large number of internal exhibitions to serve consumers, especially the neediest groups.
In this context, the minister drew attention to the ministry’s keenness to increase sales outlets for citizens. Both through the Ministry’s outlets and commodity fairs in the governorates, As well as commercial chains, which offer many discounts on goods during this stage.
Al-Moselhi added that the government will face unjustified price increases on engineering products that were contracted between the merchant and the consumer as long as the goods were previously available to the merchant. Pointing out that the food market will not witness stability except through the availability of supply.
In turn, representatives of the Chambers of Commerce praised the government’s pivotal role in monitoring markets to provide necessary commodities to consumers. Expressing their full solidarity with the measures that the government may take to confront the overpricing of products without justifications or controls.
Everyone agreed on the commitment of the Chambers of Commerce and Industry and their affiliates to the social responsibility of the private sector, especially during global economic conditions, which the state, the private sector and the citizen must participate in absorbing its effects until it passes safely. In this context, the “Welcome Ramadan” exhibitions will continue in the governorates beyond the month of Ramadan, with the largest quantity of goods being pumped at the lowest possible prices.