The Government calls on traders to import 15 food products without conditions
The Ministry of Economy has called on traders, corporations and cooperative societies to import without conditions 15 food items, which have been removed from register of trade agencies.
Mohammed Ahmed bin Abdul Aziz Al Shehi, undersecretary of the ministry said that the traders, corporations and cooperative societies could exploit amendments of federal law number 18 of year 1981, on regulation of the trade agencies, which was issued in June 2006 based on 2005 decision, on writing off 15 trade agencies, to import these items into UAE markets without any condition to curb soaring prices and inflation.
He added that the written off items include dry milk, condensed milk, frozen and canned vegetables, child food, child milk, chicken, food oil, rice, flour, fish products, meet products, tea and coffee.
Al Shehi underlined that the aim of liberalising the basic food items is to eradicate monopoly and grouping, which hike prices, adding that the ministry also aims at creating competition among importers and traders- a move he said could reflect positively on market and consumers.
He noted that the ministry encourages cooperative societies to collectively import basic food items through the cooperative union as this move will help them offer preferential and competitive prices in the market in favour of consumers and local market as well.
Al Shehi said that the ministry would notify traders, corporations, companies, cooperative societies and custom checkpoints about the liberalisation of these basic food items. WAM
Mohammed Ahmed bin Abdul Aziz Al Shehi, undersecretary of the ministry said that the traders, corporations and cooperative societies could exploit amendments of federal law number 18 of year 1981, on regulation of the trade agencies, which was issued in June 2006 based on 2005 decision, on writing off 15 trade agencies, to import these items into UAE markets without any condition to curb soaring prices and inflation.
He added that the written off items include dry milk, condensed milk, frozen and canned vegetables, child food, child milk, chicken, food oil, rice, flour, fish products, meet products, tea and coffee.
Al Shehi underlined that the aim of liberalising the basic food items is to eradicate monopoly and grouping, which hike prices, adding that the ministry also aims at creating competition among importers and traders- a move he said could reflect positively on market and consumers.
He noted that the ministry encourages cooperative societies to collectively import basic food items through the cooperative union as this move will help them offer preferential and competitive prices in the market in favour of consumers and local market as well.
Al Shehi said that the ministry would notify traders, corporations, companies, cooperative societies and custom checkpoints about the liberalisation of these basic food items. WAM
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