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Gaza ministry incurs anger by ending import monopoly on commodities

Gaza's Ministry of National Economy announced the cancellation of import monopolies on some commodities, but it is unclear whether the decision will decrease the price of goods.
A Palestinian woman and her daughter shop at Metromarket supermarket in Gaza City September 5, 2011. Amidst the poverty and deprivation of the Gaza Strip, a few small signs of prosperity have started to emerge, giving violence-weary locals a taste of comfort that is taken for granted in much the rest of the world. Picture taken September 5, 2011. To match Feature PALESTINIANS-GAZA/LUXURY REUTERS/Mohammed Salem (GAZA - Tags: SOCIETY BUSINESS) - RTR2QXBF
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GAZA CITY, Gaza Strip — The Ministry of National Economy in the Gaza Strip announced Oct. 31 the cancellation of exclusive commercial agencies granted to a number of traders. These traders had monopolized the importation of some basic commodities, such as baby formula, gluten-free wheat and cleaning products, as well as some nonbasic commodities, under exclusive agency agreements between them and foreign companies.

The ministry said the decision, which will become effective at a maximum of six months, would curb rising prices in favor of consumers.

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