EEC allows Belarus to extend state regulation of prices of socially important goods till 31 Dec 2021
<p> MINSK, Sep 1 – PrimePress. The Board of the Eurasian Economic Commission (EEC) agreed at its session of 31 August 2021 to extend state regulation of prices for socially important goods in the Republic of Belarus until 31 December 2021 inclusive, the EEC press service said. </p> <p> </p> <p> The appeal to extend state regulation of prices for essential goods on behalf of Belarus was filed by Deputy Prime Minister of Belarus Igor Petrishenko. Under the current rules, state regulation of prices in the EEU member states can be introduced for a period not exceeding 90 days without the consent of the EEC. </p> <p> </p> <p> “Belarus is currently exercising state regulation of prices with regard to 18 groups of socially important goods (introduced on 1 Jan 2021 for 17 product groups, then supplemented) and 11 groups of socially important goods (from 9 June 2021), including meat, milk, cheese, butter, wheat flour, rye bread, white polished rice, buckwheat groats, white sugar, baby food, fresh vegetables and apples, canned meat, margarine, barley groats, table salt and black tea," the statement said. </p> <p> </p> <p> Previously, the Ministry of Antimonopoly Regulation and Trade (MART) of Belarus issued resolution #40 of 1 June 2021 extended government regulation of prices for socially important products, justifying it by accelerated annual growth of consumer prices in Belarus amid continued growth of free market prices of foodstuffs. In particular, the resolution introduces price regulation for a number of foodstuffs, as well as provides for a change in approaches to price regulation in terms of setting the maximum size of the importer’s markup, the wholesale markup, the trade markup (with wholesale markup taken into account), at not more than 25% for a number of products: cheese, wheat flour, dry pasta, canned fish, rice, semolina, millet, oat flakes, potatoes and fresh vegetables (beets, carrots, white cabbage, onions, cucumbers, tomatoes), apples. End </p>
2021-09-02
Primepress
EEC allows Belarus to extend state regulation of prices of socially important goods till 31 Dec 2021
MINSK, Sep 1 – PrimePress. The Board of the Eurasian Economic Commission (EEC) agreed at its session of 31 August 2021 to extend state regulation of prices for socially important goods in the Republic of Belarus until 31 December 2021 inclusive, the EEC press service said.
The appeal to extend state regulation of prices for essential goods on behalf of Belarus was filed by Deputy Prime Minister of Belarus Igor Petrishenko. Under the current rules, state regulation of prices in the EEU member states can be introduced for a period not exceeding 90 days without the consent of the EEC.
“Belarus is currently exercising state regulation of prices with regard to 18 groups of socially important goods (introduced on 1 Jan 2021 for 17 product groups, then supplemented) and 11 groups of socially important goods (from 9 June 2021), including meat, milk, cheese, butter, wheat flour, rye bread, white polished rice, buckwheat groats, white sugar, baby food, fresh vegetables and apples, canned meat, margarine, barley groats, table salt and black tea," the statement said.
Previously, the Ministry of Antimonopoly Regulation and Trade (MART) of Belarus issued resolution #40 of 1 June 2021 extended government regulation of prices for socially important products, justifying it by accelerated annual growth of consumer prices in Belarus amid continued growth of free market prices of foodstuffs. In particular, the resolution introduces price regulation for a number of foodstuffs, as well as provides for a change in approaches to price regulation in terms of setting the maximum size of the importer’s markup, the wholesale markup, the trade markup (with wholesale markup taken into account), at not more than 25% for a number of products: cheese, wheat flour, dry pasta, canned fish, rice, semolina, millet, oat flakes, potatoes and fresh vegetables (beets, carrots, white cabbage, onions, cucumbers, tomatoes), apples. End