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Commission Invites Fijians To Give Proposals On Price Formula

Commission Invites Fijians To Give Proposals On Price Formula
Joel Abraham
September 06
11:00 2018

The Fijian Competi­tion and Consumer Commission (FCCC) invites people to submit a proposal on a formula or methodology that would re­sult in reducing prices by a 20 per cent margin.

The comment came from the Commissions chief ex­ecutive officer Joel Abra­ham after airing concerns that people had been ques­tioning why the commis­sion was not doing anything to reduce the price of goods.

Mr Abraham said giv­en that such informa­tion was being circulat­ed, it was important to note that Fiji is a price taker and imports most consumer goods including food items.

“Example, rice that Fijians buy in supermarkets with local brands are imported, polished and packaged lo­cally,” he said.

“If anyone has a formula or methodology that would result in reducing prices by a 20 per cent margin, we would request that they make submissions to FCCC so we can review the meth­odology and pass benefits to Fijians.

“They are welcome to participate in the review processes that independent agencies such as FCCC has and we will be able to take their views.”

He said if Fijians wanted to help they did not need to wait to get into positions of power or win the elec­tions. Mr Abraham said to date they had not received any submission or proposal from people to reduce the cost of goods and/or ser­vices.

He said FCCC is currently conducting community education sessions as part of its ongoing consumer awareness programme.

“In the last financial year, we have undertaken 145 ses­sions with communities,” he said.

“While undertaking such educational sessions, con­sumers sought clarifica­tions as to why FCCC was not reducing prices of goods (particularly food items).” He said it was high­lighted by consumers that promises of price reduction were made to them, how­ever FCCC was unable to establish who had made the promises, as such they were not attributing such com­ments to anyone.

“FCCC is an independent body and wishes to only ad­dress concerns.”

Edited by Ranoba Baoa


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