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April 24, 2014
Tuesday, January 28, 2014

Gov't warns of stores closure in case of price accord breach

Sanctions on supermarkets and retailers not complying with the Kirchnerite-sponsored price agreement will be facing not only fines but also the closure of shops, the cabinet chief has warned.

“The state can carry out sanctions with fines and even closure. Consumers complain because they are paying for what they should not be paying for. Then, we want consumers to have fair prices, not to face abuse,” Jorge Capitanich said earlier this morning as he addressed reporters at the Casa Rosada presidential palace.

The head of ministers pointed out the decision to apply a fine or decide the closure of stores should be in cases of what he called an “extreme breach” of the Precios Cuidados scheme launched by the Cristina Fernández de Kirchner administration earlier in January, involving 194 products.

The price agreement, Capitanich added, is part of a series of “economic policy instruments” the government will “actively” apply such as “loans with convenient interest rates to foster investment, create jobs and guarantee productive dynamics” with the private sector committing to maintain “reasonable domestic prices.”

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Tags:  Jorge Capitanich  prices  supermarkets  closure  Precios Cuidados  


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