Belarus’ Trade Ministry amends resolution No.30 on price regulation

<p> MINSK, May 13 - PrimePress. The Ministry for Antimonopoly Regulation and Trade (MART) of Belarus took into account comments made by the business community. Ministry’s resolution No.36 of May 7, 2020 amends resolution No.30 of April 15, 2020 ‘On the Regulation of Prices of Socially Important Goods,’ says the Business Union of Entrepreneurs and Employers. </p> <p>   </p> <p> Resolution No.36 sets the 10% limit on the marginal rate of return for determining profits to be included in selling prices for importers of socially important goods. The list of 26 socially important goods subject to state price regulation for a period of 90 days compiled in April 2020 does not change. Neither do maximum wholesale and trade markups for socially important goods. </p> <p>   </p> <p> The procedure for setting the marginal 10% profitability of importers has been clarified. The margin is set in addition to the costs associated with wholesale trade, including import costs (this includes customs payments, cargo insurance, interest on loans, guarantees, transportation costs, other expenses as prescribed by the law) and sales costs. </p> <p>   </p> <p> The regulation of wholesale markups applied by wholesalers when selling socially important goods to other legal entities and individual entrepreneurs has been expanded. </p> <p>   </p> <p> Also, resolution No.36 allows the inclusion of contract prices, import costs (customs payments, cargo insurance, interest on loans, transportation costs, etc.), sales costs and profitability in selling prices. </p> <p>   </p> <p> Legal entities and individual entrepreneurs engaged in storing and sale of stabilization funds (stocks) of foods and/or procurement from agricultural producers and households can add the costs of procurement, storage and transportation to the prices of goods. End </p>

2020-05-14

Primepress