The Ministry of Trade and Regional Integration has revoked the licenses of 3,300 illegal brokers engaged in manipulating the marketing system of vegetables, fruits, livestock, and crops.
Trade and Regional Integration Minister, Gebremeskel Chala revealed today that the government took the measure because they had been playing destructive role in the market chains.
Their licenses will not be renewed since they are illegal, he added.
According to him, the ministry is working in collaboration with regional states to implement the measure taken by the ministry to remove the illegal brokers who controlled and manipulated the marketing system.
At the moment, for instance, such brokers are not operating in the livestock market as it is easy to monitor them physically.
Gebremeskel further pointed out that the ministry will continue collaborating with other pertinent stakeholders to track, monitor and control the brokers.
Citing that the commercial law of the country was improved after the national reform, the m
inister said such improvements will enable the country to integrate with the world trade system.
The commercial law, which has been amended to have international business content and competitiveness, has made it possible for consumers and the business community to get technology-supported services, it was learned.
The minister finally revealed that businesses that were open only to Ethiopians for years are now also opened for foreign investors.
Source: Ethiopian News Agency