Products are displayed at a vegetable market in Cairo, Egypt, October 11, 2017. REUTERS/Mohamed Abd El Ghany
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Manufacturers and economists dismissed the measure as ineffective or simply a misguided attempt by the government to show it was doing something to combat inflation when it was really stripping the market of needed competitiveness and flexibility.Berzi listed producing in bulk, different pricing for exports and different locations as well as extra costs for labeling as challenges manufacturers would now have to deal with in their business.Egypt has been trying to encourage investment and promote growth to revive the economy, which has struggled since a 2011 uprising and subsequent unrest that drove tourists and foreign investors out of the country.The new decree said that violations would include manufacturers and importers failing to put prices on their products and retailers changing the prices of already-labeled products.
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