{"id":648748,"date":"2017-04-11T04:15:18","date_gmt":"2017-04-11T04:15:18","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/11\/cabinet-signs-off-on-consumer-protection-act\/"},"modified":"2017-04-11T04:15:18","modified_gmt":"2017-04-11T04:15:18","slug":"cabinet-signs-off-on-consumer-protection-act","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/11\/cabinet-signs-off-on-consumer-protection-act\/","title":{"rendered":"Cabinet signs off on Consumer Protection Act"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>The Ismail cabinet signed off yesterday on the draft Consumer Protection Act<\/strong> and referred it to the Council of State for review, <a href=\"http:\/\/www.cabinet.gov.eg\/Arabic\/MediaCenter\/CabinetNews\/Pages\/Cabinet-Resolutions-No.-70.aspx\">an official statement said<\/a>. The legislation sets stricter penalties for violations such as price gouging, hoarding of goods, and failing to meet health and quality requirements to name a few. It also makes it mandatory for shopkeepers to print out receipts for every transaction and outlines guidelines for returning purchases. The Consumer Protection Agency (CPA) will also be opening up more branches across the country to become more accessible to a larger segment of the population.<\/p>\n<p><strong>There was no mention in the statement about a direct price control mechanism<\/strong>, something suggested by unnamed government officials <a href=\"https:\/\/enterprise.press\/stories\/2017\/04\/02\/inflationary-price-to-remain-until-november-or-december-govt-considers-increasing-rations\/\">earlier this month<\/a>. Supply Minister Ali El Moselhy had <a href=\"https:\/\/enterprise.press\/stories\/2017\/03\/02\/price-controls-are-in-the-past-market-forces-to-determine-commodity-prices-supply-minister\/\">ruled out last month<\/a> that the act would give the CPA or any other government agency the ability to cap prices in a bid to curb inflation. We\u2019ll be checking the bill the instant we get our hands on it to confirm we\u2019re officially in the clear.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>Cabinet also approved a draft law that sets a legal framework for ride-hailing apps<\/strong> such as Uber and Careem. The 23-article bill <a href=\"http:\/\/gate.ahram.org.eg\/News\/1432567.aspx\">would set rules<\/a> for the use of privately-owned vehicles, stipulating in its current form that only a vehicle\u2019s owner could drive it as an Uber or Careem employee and that they would be able to use it for seven hours a day at most. Service providers, who will be made to pay taxes and take out insurance policies covering their drivers and passengers, will also have to acquire permits for the vehicles under the proposed act. Ride-hailing apps have six months to comply with new regulations once issued.<\/p>\n<p><strong>Cabinet also ratified an agreement to import around 12 mn bbl of crude oil a year from <\/strong><strong>Iraq<\/strong>. The pact will be signed \u201cwithin days,\u201d Petroleum Minister Tarek El Molla <a href=\"http:\/\/gate.ahram.org.eg\/News\/1432622.aspx\">told the press on Monday<\/a>. The first 2 mn bbl are due to arrive in May and both sides are expected to negotiate an agreement to refine Iraqi crude in Egypt and re-export back to Iraq as finished products.<\/p>\n<p>El Molla also <a href=\"http:\/\/www.almalnews.com\/Pages\/StoryDetails.aspx?ID=329743\">announced yesterday that<\/a> <strong>Egypt \u201cmight\u201d use part of its World Bank loan to <\/strong><strong>repay its arrears to international oil companies. <\/strong>It has been suggested <a href=\"https:\/\/enterprise.press\/stories\/2017\/04\/09\/government-to-pay-usd-500-mn-of-overdue-arrears-to-iocs-next-month-state-officials\/\">on Saturday<\/a> the payment will be substantially less than promised.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Ismail cabinet signed off yesterday on the draft Consumer Protection Act and referred it to the Council of State for review, an official statement said. The legislation sets stricter penalties for violations such as price gouging, hoarding of goods, and failing to meet health and quality requirements to name a few. It also makes [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-648748","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"68e22d16-74a9-46c5-931e-4b7eb436fd68","order":"0","is_powered_by":true,"section_story_id":"9b4ed3e2-80cc-4cdd-b9dc-5b47fb53a7e1","story_type":"1","photo_url":"","photo_position":"above","related_issue":[648740],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Cabinet signs off on Consumer Protection Act - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/11\/cabinet-signs-off-on-consumer-protection-act\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cabinet signs off on Consumer Protection Act\" \/>\n<meta property=\"og:description\" content=\"The Ismail cabinet signed off yesterday on the draft Consumer Protection Act and referred it to the Council of State for review, an official statement said. The legislation sets stricter penalties for violations such as price gouging, hoarding of goods, and failing to meet health and quality requirements to name a few. 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The amendments had stirred tension in the business community, particularly provisions that would allow the government to set price controls. Cabinet also began discussing amendments to the\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":602676,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/03\/govt-issues-executive-regulations-for-egypts-consumer-protection-act\/","url_meta":{"origin":648748,"position":1},"title":"Gov\u2019t issues executive regulations for Egypt\u2019s Consumer Protection Act","author":"enterpriseam admin","date":"3 April 2019","format":false,"excerpt":"LEGISLATION WATCH- Retailers face new rules, requirements as gov\u2019t issues executive regs for Consumer Protection Act: Prime Minister Moustafa Madbouly issued yesterday the executive regulations for the Consumer Protection Act, which grant the Consumer Protection Agency (CPA) the authority to impose price controls and censor advertisements, among other powers, according\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":646544,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/18\/cabinet-approves-minor-amendments-to-consumer-protection-act-nile-traffic-bill-and-others-during-weekly-meeting\/","url_meta":{"origin":648748,"position":2},"title":"Cabinet approves minor amendments to Consumer Protection Act, Nile traffic bill, and others during weekly meeting","author":"enterpriseam admin","date":"18 June 2017","format":false,"excerpt":"The Ismail government signed off on minor amendments to the Consumer Protection Act during its weekly meeting on Thursday, according to a statement. It appears the government is approving amendments to the act piecemeal, after having signed off on other revisions earlier this month. Certain amendments, including provisions that would\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":632573,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/14\/amended-consumer-protection-act-also-gets-preliminary-nod-from-house\/","url_meta":{"origin":648748,"position":3},"title":"Amended Consumer Protection Act also gets preliminary nod from House","author":"enterpriseam admin","date":"14 February 2018","format":false,"excerpt":"LEGISLATION WATCH- The House also gave a preliminary nod yesterday to the amended Consumer Protection Act, according to Youm7, which stands out among all of the Ismail government\u2019s economic legislation as the only one that is clearly statist and anti-free-market. The latest draft of the act has not yet been\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":630338,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/18\/price-control-mechanism-are-here-with-the-consumer-protection-act\/","url_meta":{"origin":648748,"position":4},"title":"Price control mechanism are here with the Consumer Protection Act","author":"enterpriseam admin","date":"18 April 2018","format":false,"excerpt":"LEGISLATION WATCH- The one economic law we hoped MPs would sleep on finally passed. The House of Representatives voted in favor of amendments to the Consumer Protection Act in a plenary session on Tuesday. The law \u2014 the single, blatantly anti-free-market piece of all the Ismail government\u2019s major economic legislation\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2018\/4\/508.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":632171,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/05\/consumer-protection-act-sets-out-new-regulations-for-auto-sales\/","url_meta":{"origin":648748,"position":5},"title":"Consumer Protection Act sets out new regulations for auto sales","author":"enterpriseam admin","date":"5 February 2018","format":false,"excerpt":"LEGISLATION WATCH- Auto dealers beware: The Consumer Protection Act has you in its sights: The Consumer Protection Act, which is currently being discussed in a plenary session at the House of Representatives, could impose new regulations on the sale of cars, Al Borsa reports. The law starts off by classifying\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/648748","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=648748"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/648748\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/648740"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=648748"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=648748"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=648748"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=648748"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=648748"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}