(MENAFN- The Peninsula) QNA
Doha: In order to protect consumers' purchasing power, the Cabinet yesterday approved a draft decision by the Minister of Commerce and Industry on regulating the price increase mechanism.
The decision will not only protect consumers but will also ensure the market balance for all players including suppliers and producers.
The Prime Minister and Minister of Interior HE Sheikh Khalid bin Khalifa bin Abdulaziz Al Thani chaired the Cabinet's regular meeting held at its seat at the Amiri Diwan.
The preparation of the draft decision comes to replace Article No. 8 of 2013 and in implementation of the provisions of Article 10 of Law No. 8 of 2008 regarding consumer protection, which prohibits the supplier from making any increase in the prices of goods and services, without complying with the bases and rules issued by the decision of the Minister, and within the framework of keeping pace with the economic and commercial developments and changes, and ensuring the effectiveness and balance of markets in a manner that allows suitable prices for all parties, whether producers, suppliers or consumers.
This decision also comes in line with the state's policy aimed at preserving the purchasing power of individuals' income, reducing the burden on them, limiting price increases, and addressing any form of unjustified rises in the prices of goods and services, especially basic ones.
Following the cabinet meeting, Minister of State for Cabinet Affairs H E Mohammed bin Abdullah Al Sulaiti said at the outset of the meeting, the Cabinet listened to a briefing by Minister of Public Health H E Dr Hanan Mohamed Al Kuwari on the COVID-19 situation in the country. The Cabinet affirmed continuation of the precautionary measures that have been taken to combat the pandemic.
After that, the Cabinet considered other topics on the agenda.
It approved a draft decision of the Minister of Interior regarding the rules and procedures for submitting applications for ordinary passports, their amendment and renewal, and the form of all kinds of passports. The Cabinet approved a draft decision by the Minister of Commerce and Industry regarding the bases and rules for the increase in the prices of goods and services.
The Cabinet also approved a draft non-disclosure agreement between Qatar Civil Aviation Authority and the air navigation services provider in Portugal.
The Cabinet also approved a draft agreement on mutual exemption from entry visa requirement for holders of diplomatic, special, official and mission passports between Qatar and the government of the Seychelles; and a draft agreement on mutual exemption from entry visa requirement for holders of diplomatic, special, official and mission passports between the governments of Qatar and Costa Rica.
It also gave its approval to a draft agreement between Qatar and Spain on the transfer of persons sentenced to a penalty of deprivation of liberty.
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