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Wednesday, 3 January 2018

House Econ Committee postpones vote on Consumer Protection Act to review additional suggestions

LEGISLATION WATCH- The House of Representatives’ Economics Committee postponed its vote on the Consumer Protection Act to next week yesterday in order to review suggestions from the Federation of Egyptian Industries and the Federation of Egyptian Chambers of Commerce. The recommendations include adding food safety that comply with the Food Safety Act and amending the wording of one article in the legislation, Al Masry Al Youm reports. The current draft of the legislation imposes a fine of at least EGP 100k on individuals found guilty of hoarding strategic commodities or selling products that result in a permanent injury or disability to the buyer, according to Al Mal. Business associations had previously lobbied against heavy penalties imposed by the act, attempting to reduce them to fines rather than prison time.

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