MART wants producers to justify selling prices of essential goods
<p> MINSK, May 21 – PrimePress. Belarus’ Ministry for Antimonopoly Regulation and Trade (MART) recommends that producers should justify selling prices for socially significant goods (= essential goods) by providing standard cost estimates. </p> <p> </p> <p> This is stated in a clarification to MART’s resolution #30 of April 15, 2020 “On price regulation of socially significant goods” in light of MART’s resolution #36 of May 7, 2020. </p> <p> </p> <p> MART recommends that the actual cost of essential products should be additionally calculated, including all costs that were taken into account in determining the planned cost of goods for pricing purposes, in order to determine the estimated level of profitability. Manufacturers are free to decide how often they will revise the selling prices of socially significant goods. </p> <p> </p> <p> As previously reported, MART’s resolution #36 sets a 10% limit on the marginal rate of return for determining profits to be included in selling prices for importers of socially significant goods. The list of 26 socially important significant goods subject to state price regulation for a period of 90 days was compiled in April 2020. End </p>
2020-05-22
Primepress
MART wants producers to justify selling prices of essential goods
MINSK, May 21 – PrimePress. Belarus’ Ministry for Antimonopoly Regulation and Trade (MART) recommends that producers should justify selling prices for socially significant goods (= essential goods) by providing standard cost estimates.
This is stated in a clarification to MART’s resolution #30 of April 15, 2020 “On price regulation of socially significant goods” in light of MART’s resolution #36 of May 7, 2020.
MART recommends that the actual cost of essential products should be additionally calculated, including all costs that were taken into account in determining the planned cost of goods for pricing purposes, in order to determine the estimated level of profitability. Manufacturers are free to decide how often they will revise the selling prices of socially significant goods.
As previously reported, MART’s resolution #36 sets a 10% limit on the marginal rate of return for determining profits to be included in selling prices for importers of socially significant goods. The list of 26 socially important significant goods subject to state price regulation for a period of 90 days was compiled in April 2020. End