Egyptian parliament member Mohamed Ali Abdel Hamid has submitted a parliamentary question to the Prime Minister and ministers of supply, agriculture, local development, and environment regarding the mechanisms for ensuring the continuity of initiatives to reduce the prices of basic goods. The question aims to determine how the government plans to move beyond temporary measures and implement a sustainable policy to control markets. This initiative seeks to ensure that citizens feel the actual impact of price reductions in the markets.
Abdel Hamid emphasized the need for a clear monitoring and control system to guarantee that citizens experience a tangible decrease in prices. He stressed that announced price reductions should not remain confined to transactions between producers and traders. The goal is to create a transparent and fair system that allows citizens to compare prices before and after reductions and to know the actual prices of goods in the markets.
The current phase requires a shift from seasonal initiatives to a sustainable policy for market regulation, based on transparency, digital monitoring, and fair competition. Citizens should be aware of the real price of goods before and after reductions and compare them to the actual prices in the markets. This approach aims to engage citizens in monitoring and reporting any discrepancies.
Abdel Hamid called on the government to establish a unified electronic platform for the prices of reduced goods, linked to regulatory bodies and participating outlets. This platform should enable citizens to access information on prices before and after reductions, as well as the actual prices in the markets and the nearest outlets offering discounted prices. This would empower citizens to participate in monitoring and reporting.
The lawmaker also requested clarification on the mechanism to ensure that the impact of price reductions reaches consumers fully, without being diluted between producers, distributors, and traders. He inquired about the government's plan to transform price reduction initiatives from temporary measures to a sustainable system with clear mechanisms for monitoring costs and profit margins.
Abdel Hamid questioned the possibility of launching a unified digital platform that instantly reveals the prices of goods before and after reductions, as well as actual prices and sales locations. This platform would allow citizens to report any violations and enable the government to take action against outlets that advertise reduced prices but sell at different rates.
The parliament member emphasized that market control cannot be achieved through regulation alone; it also requires providing citizens with information, promoting competition, and expanding direct sales outlets. He praised the President's ongoing directives to the government to intensify market monitoring and alleviate living burdens on citizens, stressing the need to translate these directives into tangible actions that impact daily life.
Key points
- The Egyptian government is urged to establish a sustainable policy for market regulation.
- A unified electronic platform for reduced goods prices is proposed.
- Citizens' participation in monitoring price reductions is encouraged.
