THE ESTABLISHMENT OF MINISTRY OF TRADE
The Ministry of Trade was re-established in August 1995 under -- proclamation No 4/1995 issued to provide for the definition of powers and duties of the executive organs of the Federal Democratic Republic of Ethiopia (FDRE).
The Ministry was again reorganized with a proclamation No 619/2003 issued to amend the reorganization of the executive organs of the Federal Democratic Republic Ethiopia Proclamation No 256/2001.
With this proclamation and by other laws, the Ministry has been given the power to supervise and coordinate five government institutions that are involved in the promotion & development of trade, industry and investment activities.
The Ministry is organized under one minister, implementing departments, five support services, one Civil Service Reform office and trade branch office that enable the ministry to effectively perform its duties and responsibilities vested with it.
The Ministry of Trade shall have the powers and duties to:
- Promote the expansion of domestic trade and take appropriate measures to maintain lawful trade practices:
- Create conducive conditions for the promotion and development of the country's export trade and extend support to exporters;
- Establish a system that enable to ascertain that export or import goods are sold or bought at the appropriate price make follow ups in collaboration with the concerned executive bodies and take measures in accordance with the law against those who export by under invoicing as well as import under or over invoicing;
- Establish foreign trade relations coordinate trade negotiations sign trade agreements in accordance with law and implement same;
- Establish and follow up the implementation of comprehensive system for the prevention of anti-competitive trade practices provide protection to consumers in accordance with the law;
- Provide commercial registration and business licensing services in accordance with the relevant laws and control the use of business licenses for unauthorized purposes;
- Provide support for and monitor the establishment and operation of share companies with a view to protect the interests of shareholders and the society;
- Undertake and submit to the council of Ministers price studies relating to basic commodities and services that have to be under price control and upon approval follow up the implementation of same
- Establish the legal metrological system of the country regulate its enforcement and coordinate the concerned regulatory bodies
- Control the qualities of export and import goods prohibit the importation and exportation of goods that do not conform with the required standards and work in collaboration with the concerned organs;
- Control the compliance of goods and services with the requirements of mandatory Ethiopia standards and take measure against those found to be below the standards set for them;
- Cause the coordinated enforcement of standards applied by other enforcement bodies organize and direct implementation review conferences;
- Organize the trade data of the country and disseminate same to the consumed bodie:
- Encourage the establishment of chambers of commerce and sectorial associations including consumers associations and strengthen those already established
The trade sector plays a significant role in sustaining economic growth in market-oriented economic system. In the coming five years priority areas are given to, raising the efficiency and competitiveness of the sector, strengthening domestic and foreign investment and trade, eradicating rent seeking behaviors and activities, establishing a favorable environment for productive investors, promoting a competitive and efficient domestic trade and distribution system, ensuring consumers' rights, strengthening consumer's cooperatives, and strengthening the transparency, fairness and accountability of the legal framework of trade activities.
The main objectives for the sector are; to ensure modern and fair trading practices; - As such
- To enhance transparency and fairness of the institutional and organizational framework for trade operations.
- Emphasis will also be given to intensifying international trade and improving domestic marketing systems by strengthening consumers' cooperatives and supporting access to viable market opportunities