A method for controlling prices of imported merchandise by selecting an individual trader as the only authorized importer of specified products is being tested in Palestine, the Department of Commerce reported today.
The imported merchandise may be distributed by the Food Controller at fixed prices who may authorize the trader to contract with wholesalers and retailers for the distribution of the merchandise. Distribution contracts must provide a margin of profit of not less than 15 percent for retailers. Fish in brine and cheese are being imported under tender and tenders for other products have been invited. This control is expected to eliminate speculation and assure adequate control over prices of imported merchandise, the Department of Commerce believes.
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