importers and traders at the General Federation of Chambers of Commerce Confirmed yesterday that resolutions issued by Tarek Kabil, Minister of Industry and Trade at the beginning of this month would cause an increase of all goods prices, which is a violation of the initiative endorsed by President Abdel Fattah El Sisi about reducing prices to ease burdens on low-income families.

Kabil issued earlier this month a range of import controls for goods including the establishment of a register in the General Organization for Export and Import Control in which, the exporting factories to Egypt are recorded based on certain conditions, including approval of exporting factory for accepting the inspection by the technical team to ensure that environmental standards and work safety are met.

Fathi Eltahawy deputy Chief of the Division of household appliances and member of  importers Division at Cairo Chamber of Commerce said that the resolutions will raise all the prices of imported goods especially that Egypt imports more than 70% of its needs from abroad, stressing that these resolutions are incompatible with the President's policy of lower prices and ease the burdens on simple consumer and low-income families, adding  " We are not against the consumer or quality or industry interest, but we stand against exploitation, monopoly and arbitrary decisions and conditions that were impossible to implement . He explained  that any citizen, for example, couldn’t  buy the shoes of one of the international brands at a price of 800 pounds with a minimum, but more than 70% of citizens can't afford  price more than 50 or 80 pounds.