The association also said it is hoping the VAT will also be reduced for other products as soon as possible, adding the government’s measure will have a positive impact greater than the one estimated by economic analysts.
Association head Dan Sucu said consumers kept complaining throughout the time that the increase in sales tax was the biggest economic error of a government in the last 20 years.
Association members said they will try to collaborate mainly with producers that understood the importance of applying these measures for end consumers, adding those who will not apply the reduction will be heading toward self-exclusion from the market.
Prime Minister Victor Ponta on Tuesday said Romania will cut the value added tax rate for all food products, including non-alcoholic drinks and restaurant services, as of June. The rate will be reduced to 9% from 24% currently.
The government also plans to cut the standard sales tax to 20% as of January 2016, after first-quarter revenue collection exceeds expectations.