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Tuesday, 1 November 2016

Consumer Protection Agency wants to shut down internal trade

The Consumer Protection Agency actually wants the Ismail cabinet to sharply limit trade between governorates to regulate the market. The agency sent a memo to Prime Minister Sherif Ismail calling for limits limit trade between governorates to those who have permits from the Supply Ministry so as to better regulate prices, said CPA head Atef Yakoub. As if the sugar raids and talk of price controls weren’t bad enough, Yakoub now wants to shut down the domestic economy. It seems that he may be leveraging public anger at the government to push his own Nasserist agenda. Yakoub had appeared before the House Economics Committee to discuss the Consumer Protection Act, saying the House had been reviewing an outdated bill and will be provided with an updated draft soon, Al Mal reports. The CPA has established its own squad to monitor price-gouging and supply-hoarding, he tells the newspaper.

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