Minister Pekcan Announces New Steps to Take Against Fahiş Price and Stocking

minister explained new steps to counter exorbitant price and stockpiling
minister explained new steps to counter exorbitant price and stockpiling

Minister of Trade Ruhsar Pekcan stated that they will continue their struggles with the Ad Board in order to protect the citizens against exorbitant price increases in the new period, with the Unfair Price Evaluation Board, which they formed more effectively and by expanding the scope. said.

Minister Pekcan reminded that during the video sharing he made on his social media account, many measures were implemented together with all institutions and organizations under the leadership of President Recep Tayyip Erdoğan in the framework of the fight against the new type of coronavirus (Kovid-19) pandemic, which has recently influenced the world. He said that they have taken and continue to take important measures to protect domestic, foreign trade, customs and consumer protection.

Expressing that his priorities are human health, Pekcan also emphasized that the healthy and regular functioning of the free market is important. For this purpose, Pekcan stated that they are also struggling with market-distorting activities as the Ministry, and the important arrangements were made with the Law No. 7244 on the Amendment of the Law on the Reduction of the Effects of the Coronavirus (Covid-19) Outbreak on Economic and Social Life and Some Laws. drew attention to what they had.

Pekcan stated the following regarding the steps they will take with the law in the new period: “We will continue with our unfair Price Evaluation Board in the new period, by expanding the scope more effectively and in the new period, in order to protect our citizens against exorbitant price increases. We will not give passages to opportunists, especially those who arise during such sensitive periods. Producers, suppliers and retail businesses will no longer be able to make exorbitant price increases without a justified reason such as an increase in input costs. In addition, it will not be able to engage in activities that disrupt free trade and market balance or prevent consumers from accessing goods. The Unfair Price Evaluation Board will examine exorbitant price increases and stocking practices and apply administrative fines when necessary. The board will be able to impose an administrative fine of up to 500 thousand liras. ”

public establishment, which Pekcan indicating that they also oversees the civil society and private sector balance, as well as the Ministry of Commerce of the state Department of Justice, the Treasury and the Ministry of Finance, Industry and Technology, Ministry of Agriculture and will be a member representing the Ministry of Forestry, civil society and the representative of the private sector of Turkey Rooms and Commodity Exchanges (TOBB), Turkey Tradesmen and Artisans Confederation (TESK), the manufacturer and the retail sector will be found one member with consumer organizations, he said.

Pekcan stated that they have also made changes in the Turkish Commercial Code with the aforementioned law, and that capital companies have taken measures to protect their equity structures, and in order to protect the financial structures of capital companies and to avoid the need for additional financing, the profit share distribution of capital companies is under the coordination of the Ministry of Treasury and Finance. He reported that he was limited to 30 percent until September 2020.

Medical Goods Confiscated Will Be Allocated to Public Institutions

Pekcan pointed out that the license validity period of those who will have an expired license in 2020 from the licensed warehouses will be extended by one year without any need for processing.

“With another important regulation, the way to allocate medical devices and materials, disinfectants, masks, gloves and similar products confiscated with illegal possibilities to public institutions without waiting for the judicial processes. Especially the ethyl alcohol seized within the scope of the fight against smuggling is directly destroyed in accordance with the relevant legislation, and with the new law, it will be allocated free of charge to our public institutions that can produce disinfectants using this product, primarily our Ministry of Health. In this arrangement, medical devices and materials directly related to the fight against infectious epidemics will likewise be quickly allocated to relevant public institutions free of charge. ”

Credit Debt of Agricultural Sales Cooperatives Unions Postponed

Noting that other arrangements of agricultural sales cooperatives unions, credit and debt payments due to the Support and Price Stabilization Fund (DFIF) were postponed to 2020 without interest, Pekcan said that the installment amounts to be paid in the following years, including 2021, were also postponed for one year without interest. he said.

In this context, Pekcan emphasized that it is aimed to prevent the agricultural sales cooperatives' unions, which play a very important role in the sustainability of production, from falling into economic distress due to the Kovid-19 outbreak.

“We postpone the general assembly meetings of cooperatives that are subject to the Cooperatives Law until 31 July 2020. Deferred general assembly meetings can be held within 3 months from the date following the postponement date.

On the other hand, in accordance with the Chambers and Commodity Exchanges Law of TOBB, the TO365 General Assembly, which meets every year in May with the participation of 2020 chambers and stock exchange representatives, will be held together with the 2021 General Assembly. I wish that these important arrangements, which are taken in many areas in order to reduce the effects of Kovid-19 epidemic on economic and social life, will be beneficial to our country. I wholeheartedly believe that we will survive the difficult process we are in, by getting stronger in unity, solidarity and solidarity. ”

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