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Bahrain Chamber chairman Sameer Nass stressed the importance of monitoring and confronting informal markets and identifying their negative effects on the national economy.
This helps increase the economic and investment return of the regular markets, he said, expressing his deep dissatisfaction with the abuses and irregularities committed by expatriate workers in informal markets and the catastrophic problems they cause to the health and safety of citizens.
Also, such informal economic activities don’t generate any financial surpluses on the national economy, he added.
Commenting on merchants’ complaints about the spread of informal markets, citing violations in Ras Zuwayed area, namely bringing foods of unknown origin and selling them to consumers, trading in used clothes and tools, practising medical profession and selling medicines in violation of public health regulations, among other negative aspects, he told our sister paper Akhbar Al Khaleej that the chamber, through the commercial markets committee, will prepare a detailed report during the coming period on the spread of informal markets and how to confront this issue.
The report, to be submitted to the competent authorities, includes a set of recommendations to put an end to these practices, which threaten the public health of citizens, and have negative impacts on competitiveness among merchants who are committed to the laws and regulations related to commercial activities, he noted.
Informal markets cause a lot of harm to regular traders and consumers alike, which requires radical solutions that include taking legal actions to prevent those wrong practices that affect economic interests, he said.
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