Floor price of carpets pegged to Euro

June 1, 2002
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The government for the first time has fixed the floor price of carpets to the Euro to boost declining exports on the recommendation of the private sector, the Ministry of Commerce and Industry said.

The move aims to boost carpet exports to Europe.

Government fixed Euro 35 per meter for carpets up to 80 knots and 82 Euros for carpets with more

than 80 knots.  Floor price previously was fixed against the dollar.