UAE to liberalise trading in 12 core commodities

THE United Arab Emirates cabinet said yesterday it would liberalise trade in 12 commodities, saying this would help market stability.

“The 12 items that are being liberalised include livestock and dairy products, fats and oils, honey, eggs, fruit juices, salt, yeast, animal feed, detergents and hygiene products,” UAE Economy Minister Sultan bin Saeed al-Mansouri said.

He said the move would strengthen the competitiveness of the UAE economy by curbing monopolistic practices and avoiding unjustified price rises.