FDRE Ministry of Trade

NEWS

The Ministry of Trade

      The Ministry of trade shall have the powers and duties to:-

  1. Promote the expansion  of domestic trade and take appropriate measures to maintain lawful trade practices:
  2. Create conducive conditions for the promotion and development of the country's export trade and extend support to exporters;
  3. 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;
  4. Establish foreign trade relations coordinate trade negotiations sign trade agreements in accordance with law and implement same;
  5. 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;
  6. Provide commercial registration and business licensing services in accordance with the relevant laws and control the use of business licenses for unauthorized purposes;
  7. Provide support for and monitor the establishment and operation of share companies with a view to protect the interests of shareholders and the society;
  8. 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 
  9. Establish the legal metrological system of the country regulate its enforcement and coordinate the concerned regulatory bodies
  10. 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;
  11. 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;
  12. Cause the coordinated enforcement of standards applied by other enforcement bodies organize and direct implementation review conferences;
  13. Organize the trade data of the country and disseminate same to the consumed bodies;
  14. Encourage the establishment of chambers of commerce and sectorial associations including consumers associations and strengthen those already established.