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2 Jul 2020

Belarus seeks to extend state regulation of prices for face masks, antiseptics

Belarus seeks to extend state regulation of prices for face masks, antiseptics
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MINSK, 2 July (BelTA) – The Belarusian Ministry of Antimonopoly Regulation and Trade (MART) has proposed the Board of the Eurasian Economic Commission (EEC) to extend the period of state regulation of prices for protective means for respiratory organs (individual face masks) and disinfecting, antibacterial, and antiseptic substances including gels and sprays in view of the epidemiological situation and high demand for these products, BelTA learned from the MART press service.

The state regulation of prices for face masks and disinfectants for 90 days was introduced by MART resolution No. 27 on 6 April 2020. “The period of regulation in excess of 90 days in the course of one year may be introduced only with the approval of the Eurasian Economic Commission. The EEC Board will discuss this matter at the session on 7 July,” the press service said.

Should the EEC Board give the green light, Belarus will preserve the state regulation of prices for face masks and antiseptics for another 90 days. The maximum profitability threshold for manufacturers will be set at 10% and the maximum markup for importers will also be 10%. At the same time the maximum wholesale markup over the manufacturer’s (importer’s) selling price and the maximum trade markup (including the wholesale one) over the manufacturer’s (importer’s) selling price will be set at 15%.

“This step will help prevent commercial entities from profiteering, keep prices for protective equipment (face masks and disinfectants) stable while satisfying the demand for these products in the Belarusian market. During consultations on 2 July, experts from the EAEU member states did not express any objections to maintaining the state regulation,” the ministry noted.

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