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Belarus government scraps minimal prices for exports

MINSK, 29 May (BelTA) – State export price regulations in the form of minimal export prices have been scrapped in Belarus. The decision is laid down by Economy Ministry resolution No. 30 of 7 May 2013, representatives of the Economy Ministry told BelTA.

Thus, the Economy Ministry no longer regulates prices for certain Belarusian exports, said the source. Resolution No. 30 invalidated Economy Ministry resolution No. 52 of 5 March 2008, which introduced or suspended minimal prices for certain products, which are made in Belarus and are exported.

The measure has brought legal acts of the Economy Ministry into compliance with Council of Ministers resolution No. 315 of 27 April 2013. This document invalidated some government resolutions and individual parts thereof. In particular, as of 6 May 2013 Council of Ministers resolution No. 1091 of 10 July 1998, which introduced measures to regulate the export of certain Belarus-made commodities, is no longer valid. Resolution No. 1091 was the one that authorized the Economy Ministry to perform state export price regulation functions by instituting minimal export prices.