18th of May 2020
THE PRIME MINISTER REGULATES TRADE IN SOME STRATEGIC GOODS & IMPOSES FIXED PRICING
THE PRIME MINISTER REGULATES TRADE IN SOME STRATEGIC GOODS & IMPOSES FIXED PRICING
Keywords: Retail & Consumer Goods, Employment
The Prime Minister issued Decree no. 17/2020 regulating the trade on some strategic goods during the covid-10 pandemic (list of the goods and their prices attached).Ā Here are the main highlights of the Decree:
- Prices of the products shall not exceed the ceiling set by the decree and the seller shall post the prices in a place easily viewed by consumers.
- Sellers (mainly stores and pharmacies) are prohibited from withholding such products from the public under any pretext.
- Exception from the above, some products are prohibited from the sale in retail stores (such as ethanol with alcoholic concentration of more than 95%); whereas, other products are exclusively permitted to be sold to hospitals (such as 1liter bottles of 70%-alcoholic-ethanol).
- Any retailer, distributor or merchandiser possessing any of the products in the Decree shall notify the Health Affairs Unit in its jurisdiction.
- Any violation to the Decree is met with deterring punishments that can exacerbate to jail and a fine of EGP 5 million.
- The Decree is applicable ā starting from today April 16, with exception to the application of the new prices (enforceable on April 18) ā for three months (or a shorter period if determined by a further notice).
āŗāŗāŗĀ The Prime Minister issued Decree no.17-2020
The Prime Minister issued Decree no. 17/2020 regulating the trade on some strategic goods during the covid-10 pandemic (list of the goods and their prices attached).Ā Here are the main highlights of the Decree:
- Prices of the products shall not exceed the ceiling set by the decree and the seller shall post the prices in a place easily viewed by consumers.
- Sellers (mainly stores and pharmacies) are prohibited from withholding such products from the public under any pretext.
- Exception from the above, some products are prohibited from the sale in retail stores (such as ethanol with alcoholic concentration of more than 95%); whereas, other products are exclusively permitted to be sold to hospitals (such as 1liter bottles of 70%-alcoholic-ethanol).
- Any retailer, distributor or merchandiser possessing any of the products in the Decree shall notify the Health Affairs Unit in its jurisdiction.
- Any violation to the Decree is met with deterring punishments that can exacerbate to jail and a fine of EGP 5 million.
- The Decree is applicable ā starting from today April 16, with exception to the application of the new prices (enforceable on April 18) ā for three months (or a shorter period if determined by a further notice).
āŗāŗāŗĀ The Prime Minister issued Decree no.17-2020
THE PRIME MINISTER REGULATES TRADE IN SOME STRATEGIC GOODS & IMPOSES FIXED PRICING
THE PRIME MINISTER REGULATES TRADE IN SOME STRATEGIC GOODS & IMPOSES FIXED PRICING
18th of May 2020
Keywords: Retail & Consumer Goods, Commercial
The Prime Minister issued Decree no. 17/2020 regulating the trade on some strategic goods during the covid-10 pandemic (list of the goods and their prices attached).Ā Here are the main highlights of the Decree:
- Prices of the products shall not exceed the ceiling set by the decree and the seller shall post the prices in a place easily viewed by consumers.
- Sellers (mainly stores and pharmacies) are prohibited from withholding such products from the public under any pretext.
- Exception from the above, some products are prohibited from the sale in retail stores (such as ethanol with alcoholic concentration of more than 95%); whereas, other products are exclusively permitted to be sold to hospitals (such as 1liter bottles of 70%-alcoholic-ethanol).
- Any retailer, distributor or merchandiser possessing any of the products in the Decree shall notify the Health Affairs Unit in its jurisdiction.
- Any violation to the Decree is met with deterring punishments that can exacerbate to jail and a fine of EGP 5 million.
- The Decree is applicable ā starting from today April 16, with exception to the application of the new prices (enforceable on April 18) ā for three months (or a shorter period if determined by a further notice).
āŗāŗāŗĀ The Prime Minister issued Decree no.17-2020
The Prime Minister issued Decree no. 17/2020 regulating the trade on some strategic goods during the covid-10 pandemic (list of the goods and their prices attached).Ā Here are the main highlights of the Decree:
- Prices of the products shall not exceed the ceiling set by the decree and the seller shall post the prices in a place easily viewed by consumers.
- Sellers (mainly stores and pharmacies) are prohibited from withholding such products from the public under any pretext.
- Exception from the above, some products are prohibited from the sale in retail stores (such as ethanol with alcoholic concentration of more than 95%); whereas, other products are exclusively permitted to be sold to hospitals (such as 1liter bottles of 70%-alcoholic-ethanol).
- Any retailer, distributor or merchandiser possessing any of the products in the Decree shall notify the Health Affairs Unit in its jurisdiction.
- Any violation to the Decree is met with deterring punishments that can exacerbate to jail and a fine of EGP 5 million.
- The Decree is applicable ā starting from today April 16, with exception to the application of the new prices (enforceable on April 18) ā for three months (or a shorter period if determined by a further notice).
āŗāŗāŗĀ The Prime Minister issued Decree no.17-2020
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