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The PM's advisor recommends limiting price speculation
Economical 2023/07/17
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Yesterday, Sunday, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, recommended the need to provide a climate of competition to limit exploitation and price speculation.
Saleh said, to the Iraqi News Agency (INA): "In order to ensure competitiveness in the market and reduce liberal chaos in the exchange sector, it is necessary to return to the bonds of social market institutions by spreading consumer and production cooperatives that practice competitive price discipline and quality control at the same time," indicating "They are two pillars that we lack; in order to reorganize the sectors of exchange and production to some extent and to provide a competitive environment and interaction that can isolate methods of fraud and commercial deception that are incorrect and contrary to the law."
He added that "the methods of circumvention and commercial deception continue to cause severe damage to the interests of the public and exploit them with price speculations and goods and services far from quality control for the sake of illegal gain at the expense of the citizen's limited income, in addition to the poor quality of the processed goods that are supplied from internationally unknown origins and are not subject to quality or quality control.
He pointed out that "this is the biggest waste in suppressing the competitiveness of the economy and reducing the consumer's benefit and levels of legal protection in accordance with nationally and internationally accepted standards in trading goods and services within the national market."
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