Russian Duma wants 50% of shop shelves filled with local goods - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Russian Duma wants 50% of shop shelves filled with local goods

Magazin02MOSCOW, Feb 13 (PRIME) -- The economic policy committee of the State Duma, the parliament’s lower chamber, is preparing amendments to the law on trade under which Russian retailers must allocate half of their shelves to locally made goods, a committee representative told PRIME on Friday.

“Given the current difficult economic situation the government and the legislative power must protect national producers and also increase investment in the development and modernization of the producing economy and promote import substitution,” the representative said in a speech published on the official website of the country’s ruling party United Russia.

The Agriculture Ministry suggested the government order retailers to secure a fixed share of their shelves for local producers and is preparing corresponding adjustments.

The ministry also plans to develop a list of grounds for refusal to conclude contracts for supplies and to fine tune requirements for small retail and fair trade taking into account expansion of national goods.

The current trade legislation does not foresee a systemic approach to stable access of agricultural producers to stores, including preferences for national producers.

End

13.02.2015 14:46
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 98.5842 -0.1934 21 may
USD 90.6537 -0.3336 21 may
Stock Market Indices
1D 1W 1M 1Y
MICEX
micex 3468.09 -0.97 18:51 20 may
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 151.80 -2.17 18:49 20 may
lkoh 7800.00 -0.69 18:48 20 may
rosn 591.95 0.00 23:50 20 may
sber 320.94 -0.69 18:49 20 may
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 98.3225 -0.2000 14:59 20 may
USDTD 90.8475 -0.1225 17:44 20 may