TRNC government to launch inspection into prices of goods in the market

The TRNC Council of Ministers has announced that control measures were being launched on the market in an effort to provide, consumers, importers and manufacturers with goods and services at the cheapest possible prices.

According to the Council of Ministers, the period we are going through is a period in which the economy is shrinking, not a period of "flipping the crisis" for personal interests, but a period of social mobilization, and a period in which the consumer, especially the poor people, are not so burden with the crisis.

According to a statement by the Prime Minister, the Council of Ministers emphasized that the economy has been in a distressed period due to fluctuations in foreign exchange rates in recent days and that the protection of purchasing power of the consumer and especially the low income earners as much as possible is the priority agenda item for the government.

The statement made by the Council of Ministers is as follows;

-While everybody needs to demonstrate their utmost diligence and self-sacrifice in order to survive the troubled period with least damage, there are feelings and allegations that some people are making an effort to" flush the crisis "for personal benefits, especially with the price increases in some food products.

-There are limited opportunities for the government to intervene in the free market. However, the Law on Goods and Services (Regulation and Supervision) no 21/1977 requires the Ministry of Economy to declare that "when it is deemed necessary, inspecting of goods manufactured or imported from any manufacturer or importer is carried out before the goods are first shipped to the market or at any time cost increase to be notified of the situation "and to perform the inspection under the same Law through quality and price control officers.

In the third article of the law, the Council of Ministers said that "in order to ensure that goods or services for the public good can be obtained at prices that are appropriate for the conditions of the Turkish Republic of Northern Cyprus, some goods and services, when it is deemed imperative that it be subject to denunciation or regulation in accordance with the provisions of this Law, an order issued in the Official Gazette referred to in this Act as an "audit order" shall mean that the goods or services concerned shall be deemed to be " gives the authority to determine the maximum price of the service."

-The government and the government's rightful expectation is that importers and manufacturers are trying to offer goods and services to consumers at the cheapest price possible without requiring any intervention in the free market. However, it should be known that the government will not hesitate to use the powers arising from the Law if it is found out that there are initiatives in the reverse direction as a result of the audits to be intensified from now on "

Edited from Kibris