ADDIS ABABA – The ‘Export Product Contract, Registration and Performance’ guideline already meeting its projected goal, Ministry of Trade and Industry announced.
The guideline, which is aimed at controlling illegal trade activities, is said to be successful at the early stage of its implementation. According to Ambassador Mesganu Arega, State Minister of Trade and Industry, the guideline was essential to benefit the nation accordingly as it controls exporters who sell their export commodities far lower than the average global price.
Although few suppliers, as well as farmers, have complained that their price has declined following the implementation of the guideline, the State Minister stated that awareness creating activities were done to explain that such efforts to reduce illegal trades will continue for the greater good.
For his take on the issue, Bereket Meseret, Ethiopian Commodity Exchange Authority (ECX) Purchasing Higher Official said that the implementation of the guideline is impactful for ensuring healthier and sustainable beneficiaries amongst all market units.
He also indicated that ECX is carrying out various activities to modernize its activities and overcome the challenges towards product quality and level assurance.
The Ethiopian Herald, December 25/2019
BY BETELHEM BEDLU
