The Government extends the price control measure for six more months
The Government announced on the afternoon of this Tuesday, July 7, that it extends again, for six more months, the validity of Executive Decree 165 of July 1, 2014, which establishes price control on 14 products in the basic food basket.
Already last January, the validity of the decree had been extended, despite the rejection of producers and business associations.
The measure, established in Decree 181 of July 6, 2020, which is signed by President Laurentino Cortizo and the Minister of Commerce and Industries, Ramón Martínez, will be effective as of Tuesday, July 7.
When the government of President Laurentino Cortizo began, the price control list was reduced from 22 to 14 products, and has remained so to date, despite the fact that during the campaign period the President promised a progressive reduction in the number of regulated products.
For producers, the measure goes against free supply and demand. Price control has come to fulfill a purpose and is to make the basic food basket more expensive, affecting the producer and benefiting the commercial agent, said Augusto Jiménez, a producer of agriculture goods.
He points out that with this extension for another six months, the producers re-sign themselves to coexist for the rest of the four years with this measure that is so damaging to national production.
This is a populist measure and when the measures are not taken on the basis of studies, but for political interests, as removing it generates a political cost, said Jiménez.
This provision regulates the prices of 14 products, including chicken, potatoes, national onion, pork chop and lentils.
The measure, established in Decree 181 of July 6, 2020, which is signed by President Laurentino Cortizo and the Minister of Commerce and Industries, Ramón Martínez, will be effective as of Tuesday, July 7.
When the government of President Laurentino Cortizo began, the price control list was reduced from 22 to 14 products, and has remained so to date, despite the fact that during the campaign period the President promised a progressive reduction in the number of regulated products.
For producers, the measure goes against free supply and demand. Price control has come to fulfill a purpose and is to make the basic food basket more expensive, affecting the producer and benefiting the commercial agent, said Augusto Jiménez, a producer of agriculture goods.
He points out that with this extension for another six months, the producers re-sign themselves to coexist for the rest of the four years with this measure that is so damaging to national production.
This is a populist measure and when the measures are not taken on the basis of studies, but for political interests, as removing it generates a political cost, said Jiménez.
This provision regulates the prices of 14 products, including chicken, potatoes, national onion, pork chop and lentils.