Producers Urge Government to Suspend Cost Price Initiative

Twelve industrial groups have called for a temporary suspension of the initiative requiring the total production costs to be printed on goods and products in a letter to President Ebrahim Raisi. 
Minister of Industries, Mining and Trade Reza Fatemi-Amin recently launched the initiative based on which “consumers realize how much more than the cost price they are paying; the measure will help increase transparency”.
The Chamber of Guilds has enumerated the list of goods included in the initiative and said, “On the order of Industries Ministry, producers of “mineral water”, “juices”, “fizzy beverages”, “malt beer and beverages” from the group of consumer goods and “food processor”, “beverage maker”, “meat grinder” and “microwave” from the group of capital goods will enter the first phase of this project for six months; other goods are likely be added to these items.”