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Emir’s decision set to make many items cheaper

Cabinet Decision No. 24 of 2016 was approved by the Emir of Qatar, H H Sheikh Tamim bin Hamad Al Thani, here yesterday. Due to the authorisation of the Cabinet Decision as many as 35 goods will be exempted from the purview of Law No. 8 of 2002, which controls the work of commercial agents. The ratification is expected to make the market more competitive in the coming days as the exempted items can be imported freely by any dealer.

Approving the Cabinet Decision No. 2 of 2016 will play a very crucial role in the development of a competitive business environment in Qatar and at the same time inspire private business to play a part in the achieving Qatar’s National Vision 2030, Prime Minister and Interior Minister H E Sheikh Abdullah bin Nasser bin Khalifa al Thani said.

At the same time the Minister of Economy and Commerce H E Sheikh Ahmed bin Jassim Al Thani explained that the decision to endorse the Cabinet Decision No. 24 was taken after a wide-ranging study of Qatar’s consumer market was conducted. He further added that decision will embolden the Ministry’s efforts to combat monopolistic market practices and regulate prices as the State has now embraced the approach of a free-market. By liberating a number of products from the grasp of commercial agents the food market will become more competitive and there will be a positive effect on prices from consumer’s point of view.

 

A number of products that the decision exempted from the influence of commercial agents in are products of high priority for all citizens and residents. Among the 35 items exempted there are many food products as well. The Ministry of Economy and Commerce will enforce the law and cross out a list of 35 goods from the records of commercial agents, as mandated by Article 2 of the decision.

The exempted items include powdered milk,  milk derivatives, baby food and milk, poultry and poultry products, meat and meat products, rice flour and related products, fish , marine foods and products, all types of tea, coffee and related products, sugar, honey, juices, mineral water, table salt, all type of pastries, biscuits, chocolates , sweets, ice cream, potato chips, frozen and packed foods, all type of nuts, tomato paste, corn chips and grains, beans, cooking oil, fats, baby diapers, detergent powder, all type of tissues, aluminium foil, personal cleaning items.

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