MINPROMTORG has created recommendations for the definition of new categories of goods for which the Russian government can introduce compulsory labeling. This is reported by RBC with a reference document.
On the idea of the department for this, two conditions should be respected simultaneously. First, the rise in prices for products after the implementation of the labeling should not exceed the maximum permissible value for six years. Secondly, the balance of income and costs associated with the expansion of the labeling, for all market participants, must be positive.
The document notes that an increase in the cost of goods to which mandatory barcodes will be applied, for six years should be lower than the real income of the population grow. Balance of income and costs can occur due to the substitution of illegal products, and as a result, an increase in sales and profits.
However, not all market players consider the labeling of good ideas. For example, its introduction for packed water can lead to a price increase of 6-7 percent, as well as to reduce net profit to 30 billion rubles for ten years.
Prices for milk in the country can grow by 10-15 percent due to a new environmental collection, previously domestic entrepreneurs were warned. From January 1, 2022, the government will start demanding the manufacturers to dispose of all packaging.