With the nature of the market and the existing legal infrastructure, it is very difficult to control prices in UAE, Ralf Nader, a Consumer Advocate and Former Green Party Candidate for President in the USA, told Gulf News on the side line of Dubai World Conference for Consumer Rights.
“It is very difficult to control prices not only in the UAE market but the Middle East overall,” he said.
Since the UAE imports most of its products, Nader remarked that there is always political lobby between the corporate and exporters.
“In such a market price control will end in mass shortage in products as well as the emerge of black markets.”
Read more: http://gulfnews.com/business/economy/difficult-to-control-prices-in-uae-1.1165577
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