EEC accords with extension of state regulation of prices of socially important goods in Belarus until Oct 15, 2020
<p> MINSK, Jul 8 - PrimePress. The Eurasian Economic Commission (EEC) Board coordinated the extension of the state regulation of prices of socially important goods in Belarus for 90 days, from July 18 to October 15, 2020 inclusive, the EEC press office reports. </p> <p> </p> <p> Resolution No.30 of the Ministry of Antimonopoly Regulation and Trade (MART) of Belarus dated April 15, 2020 set the importers’ maximum allowable markup at 10%. The maximum trade markup (with the wholesale markup) to producers’ selling prices of socially important goods was set at 15-30%. On July 8, 2020, MART reduced the list of socially important commodities, the prices of which are subject to temporary regulation since April 17, 2020. The ministry removed coffee, canned meat and fish, powdered milk, solid toilet and laundry soap, matches, sanitary pads, diapers (for children and adults) and toilet paper from the list. </p> <p> </p> <p> “Since the Eurasian Economic Union (EEU) members states did not notify the EEC of their disagreement with Belarus’ decision within the established period, the EEC agreed to the proposal filed by Belarus,” reads the statement. </p> <p> </p> <p> Belarus regulates prices to prevent speculative price hikes, as consumer demand for such commodities increased considerably amid the coronavirus pandemic. Restrictive sanitary-quarantine measures taken by foreign states also factored in Belarus’ decision. </p> <p> </p> <p> “The consumer market of Belarus has stabilized upon the introduction of the price regulation,” the EEC says. End </p>
2020-07-09
Primepress
EEC accords with extension of state regulation of prices of socially important goods in Belarus until Oct 15, 2020
MINSK, Jul 8 - PrimePress. The Eurasian Economic Commission (EEC) Board coordinated the extension of the state regulation of prices of socially important goods in Belarus for 90 days, from July 18 to October 15, 2020 inclusive, the EEC press office reports.
Resolution No.30 of the Ministry of Antimonopoly Regulation and Trade (MART) of Belarus dated April 15, 2020 set the importers’ maximum allowable markup at 10%. The maximum trade markup (with the wholesale markup) to producers’ selling prices of socially important goods was set at 15-30%. On July 8, 2020, MART reduced the list of socially important commodities, the prices of which are subject to temporary regulation since April 17, 2020. The ministry removed coffee, canned meat and fish, powdered milk, solid toilet and laundry soap, matches, sanitary pads, diapers (for children and adults) and toilet paper from the list.
“Since the Eurasian Economic Union (EEU) members states did not notify the EEC of their disagreement with Belarus’ decision within the established period, the EEC agreed to the proposal filed by Belarus,” reads the statement.
Belarus regulates prices to prevent speculative price hikes, as consumer demand for such commodities increased considerably amid the coronavirus pandemic. Restrictive sanitary-quarantine measures taken by foreign states also factored in Belarus’ decision.
“The consumer market of Belarus has stabilized upon the introduction of the price regulation,” the EEC says. End