Government ratified that it will sanction companies that do not comply with the price freeze

Government ratified that it will sanction companies that do not comply with the price freeze

https://twitter.com/JuanManzurOK/status/1451172120931745795

The resolution established the “temporary fixation of maximum consumer sales prices for all producers, marketers and distributors” of 1,432 mass consumer products throughout the national territory.

It also required “the companies that are an integral part of the chain of production, distribution and marketing of the products included (in the list) to increase their production to the maximum of their installed capacity, and to arbitrate the conducive measures to ensure their transportation and provision during the period of validity of this measure “.

Frozen Prices Resolution 1050 Secretary of Commerce.pdf

The regulations indicated that the Undersecretariat of Actions for the Defense of Consumers will prominently publish on its website the maximum sale prices to the final consumer for each of the products reached by this resolution.

As reported by the Ministry of Internal Trade last night, “The agreed list comprises a diverse spectrum of 1,432 items, which includes both top brands and products from small and medium-sized companies.”

On the other hand, it guarantees that “in the 23 provinces and in the Autonomous City of Buenos Aires, the basket will necessarily contain the following items: warehouse, cleaning and hygiene and personal care.”

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