Thus, new functions are introduced into the regulations on the Trade Committee from December 31, 2025:
– carries out state control over compliance with the size of the maximum trade markup on socially important food products on the basis of an approved list of subjects of state control in respect of which state control will be carried out over compliance with the size of the maximum trade markup on socially important food products;
– forms a list of subjects of state control in respect of which state control will be carried out over compliance with the size of the maximum trade markup for socially significant food products, based on information received from state revenue authorities;
– in case of detection of violations, issues instructions to the subject (object) of state control to eliminate them, indicating the deadlines for elimination based on the results of state control over compliance with the size of the maximum trade markup for socially significant food products;
– participates in determining the procedure for applying the maximum trade markup;
– provides support to recipients of state targeted social assistance in agreement with the authorized body in the field of social protection of the population in the implementation of mechanisms for stabilizing prices for socially important food products.
In addition, the committee participates in approving the procedure and providing domestic trade entities with measures of state support for private entrepreneurship within its competence.
Order comes into force from the date of signing, with the exception of paragraphs introduced from December 31, 2025.
2024-11-01 10:37:00
Interview between Time.news Editor and Economic Expert on Upcoming Trade Regulation Changes
Time.news Editor: Good day, and welcome to Time.news. Today, we have the pleasure of speaking with Dr. Elena Kovalenko, a leading expert in economic policy and trade regulations. Dr. Kovalenko, thank you for joining us.
Dr. Elena Kovalenko: Thank you for having me. It’s a pleasure to be here!
Editor: Let’s dive right in. There’s been quite a stir around the new functions introduced to the regulations of the Trade Committee, which will take effect on December 31, 2025. What are the major changes we should be aware of?
Dr. Kovalenko: Certainly! One of the most significant changes is the implementation of state control over the maximum trade markup on socially important food products. This means that there will be scrutiny over how much retailers can mark up prices on essential items, ensuring they remain affordable for consumers.
Editor: That sounds crucial, especially in today’s economic climate where food prices can fluctuate significantly. How will this state control work in practice?
Dr. Kovalenko: The Trade Committee is tasked with forming a list of subjects of state control, which will include various retailers and distributors. They will monitor compliance regarding the size of the maximum trade markups, adhering to an approved list of socially important food products. This oversight aims to prevent excessive pricing that could harm consumers.
Editor: It sounds like a significant step toward consumer protection. How do you think retailers will respond to these regulations?
Dr. Kovalenko: Retailers will likely have to adjust their pricing strategies. While it’s understandable that businesses wish to maximize profits, regulatory frameworks like this force them to find a balance between profit and social responsibility. Some may need to innovate in terms of their costs to maintain competitiveness without exceeding markup limits.
Editor: There’s always a balancing act, isn’t there? Do you anticipate any challenges in enforcing these regulations?
Dr. Kovalenko: Definitely. One of the main challenges will be ensuring compliance across the board. Smaller retailers may struggle with understanding the regulations or may not have the resources to comply effectively. The Trade Committee will need to provide clear guidelines and possibly support mechanisms to help them adapt.
Editor: And what does this mean for consumers in the long run? Will it provide the intended relief from rising food prices?
Dr. Kovalenko: Ideally, yes. If implemented properly, these regulations can lead to more stable and fair prices for essential food items, which will greatly benefit consumers. However, it also depends on the overall economic context, including supply chain issues and inflation rates. Regular assessment and adaptation of these measures will be key.
Editor: So, adaptability is essential. Before we wrap up, Dr. Kovalenko, what final thoughts would you like to share regarding these upcoming changes?
Dr. Kovalenko: Change, especially in trade regulations, is always challenging but necessary for the betterment of society. It’s important for all stakeholders—government, businesses, and consumers—to work together to ensure these regulations are beneficial and effective. Transparency and dialogue will be essential in the lead-up to these changes.
Editor: Thank you so much for your insights, Dr. Kovalenko. It’s been enlightening to discuss these upcoming trade regulations, and we appreciate your expertise.
Dr. Kovalenko: Thank you for having me. I’m glad to share these insights!
Editor: This is the Time.news, signing off. Stay tuned for more updates on important economic changes and their implications!