Mohamed Imbabi, President of the Giza Chamber of Commerce, affirmed that the government's success in reducing poverty rates for the first time in 20 years is a major achievement of the efforts made by the state during the last phase to pay attention to services that aim to raise societal development rates and raise living standards, as well as the per capita share of the gross domestic product. He pointed out that the economic reform program contributed greatly to increasing the investments that the government pumped to develop the infrastructure for the areas most in need, which led to encouraging merchants to increase investments in those governorates.
In a statement to the Chamber, Imbaby indicated that merchants are a major partner in development and essential contributors to raising the citizen's standard of living for what they have provided during the last period for their immediate response in meeting the needs of the local market of the main commodities, the most important of which is in the foodstuff sector, which was reflected in the commodity prices, which were recorded. The vegetable group prices decreased by 10%, the fish and seafood group by 6%, the meat and poultry group by 2%, the dairy, cheese and eggs group by 1% and the ready-made clothes group by 6% this despite the increase in the prices of the fruit group by 3.8%, the oils and fats group by 5% And the group of cereals and bread by 2%, the group of transport services by 7%, and the rent group calculated at 1%, according to official statistics issued by the Central Agency for Public Mobilization and Statistics.
The President of the Giza Chamber of Commerce added that the statistics confirm the role of merchants in committing to providing goods at reasonable prices, which has contributed to the elimination of the common perception before society of merchants' exploitation of the consumer or monopoly, explaining that this came through increased production and the abundance of supply in the market to cover demand.
On the other hand, the board of directors of the Giza Chamber of Commerce held its monthly meeting in which it dealt with the latest preparations for equipping a center of excellence that includes representatives of several government agencies such as the commercial registry, taxes, customs, consumer protection and the Food Safety Authority, in addition to discussing the signing of a cooperation protocol with the Ministry of Education and Technical Education in order to establish a center For vocational training and qualification to meet the market needs of trained workers.
Prime Minister Dr. Mostafa Madbouly announced the reduction of poverty rates in Egypt for the first time in 1999 20 years ago, adding and we succeeded in implementing the economic reform program and the decline in the budget deficit, a decrease in the rate of inflation and success in controlling commodity prices, adding: “There has been no shortage of commodities in light of Corona and we have witnessed. Providing strategic commodities. "
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