State regulation helps stabilize prices of socially important foods in Belarus and Russia – EEC
<p> MINSK, Feb 16 - PrimePress. The state price regulation in Belarus and Russia has helped to stabilize the prices of socially important foods, the press office of the Eurasian Economic Commission (EEC) said following Belarus-Russia online consultations. </p> <p> </p> <p> Market experts say that the state regulation has not diminished competition, has not reduced the number of economic entities or posed trade barriers. </p> <p> </p> <p> Earlier, the EEC received two notifications from the member states of the Eurasian Economic Union (EEU) on the regulation of prices of some socially important goods. </p> <p> </p> <p> Notification No.83 issued by the Ministry of Antimonopoly Regulation and Trade (MART) of Belarus on December 28, 2020 envisaged introduction of state regulation of prices of 17 socially important goods for 90 days in the first quarter of 2021. This concerns meat, fish, dairy products, bakery products, cereals, sugar, baby food, etc. The ministry pointed at the pandemic impacts on trade, justifying the price regulation aimed at preventing overpricing of vital products. </p> <p> </p> <p> The Ministry of Economic Development of the Russian Federation notified the EEC of the adoption of government resolution No.2094 ‘On Agreements Between Federal Executive Bodies and Business Entities on the Pricing for Some Types of Socially Important Food Products’ of December 14, 2020. The resolution, which is in force until April 1, 2021, provides for a reduction and maintaining of prices of granulated sugar and sunflower oil. </p> <p> </p> <p> According to the EEC, the possibility of price regulation is provided for by Annex 19 to the EEU Treaty on notification and under the procedure for extending regulation upon approval by the Commission. The EEC may abolish price regulation if an EEU member state appeals to the Commission against anticompetitive practices. End </p>
2021-02-17
Primepress
State regulation helps stabilize prices of socially important foods in Belarus and Russia – EEC
MINSK, Feb 16 - PrimePress. The state price regulation in Belarus and Russia has helped to stabilize the prices of socially important foods, the press office of the Eurasian Economic Commission (EEC) said following Belarus-Russia online consultations.
Market experts say that the state regulation has not diminished competition, has not reduced the number of economic entities or posed trade barriers.
Earlier, the EEC received two notifications from the member states of the Eurasian Economic Union (EEU) on the regulation of prices of some socially important goods.
Notification No.83 issued by the Ministry of Antimonopoly Regulation and Trade (MART) of Belarus on December 28, 2020 envisaged introduction of state regulation of prices of 17 socially important goods for 90 days in the first quarter of 2021. This concerns meat, fish, dairy products, bakery products, cereals, sugar, baby food, etc. The ministry pointed at the pandemic impacts on trade, justifying the price regulation aimed at preventing overpricing of vital products.
The Ministry of Economic Development of the Russian Federation notified the EEC of the adoption of government resolution No.2094 ‘On Agreements Between Federal Executive Bodies and Business Entities on the Pricing for Some Types of Socially Important Food Products’ of December 14, 2020. The resolution, which is in force until April 1, 2021, provides for a reduction and maintaining of prices of granulated sugar and sunflower oil.
According to the EEC, the possibility of price regulation is provided for by Annex 19 to the EEU Treaty on notification and under the procedure for extending regulation upon approval by the Commission. The EEC may abolish price regulation if an EEU member state appeals to the Commission against anticompetitive practices. End