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A new draft proclamation prepared by the Ministry of Commerce to govern the national and regional chambers of commerce ignores the chambers of commerce at the city / town level and eliminates sectoral associations.
The new proclamation project, which The reporter could access, nicknamed The “Ethiopian Chamber of Commerce and Industry Proclamation” sets out how chambers of commerce and industries should be established at the national and regional level.
It should be remembered that the previous proclamation established separate sectoral associations and chambers of commerce, and the two merge to form the Chamber of Commerce and sectoral associations at different levels, including the city / town.
The new draft aims to make the private sector fit into the free market policy, which the country follows, and to help trade and manufacturing to play their role in the economy.
In addition, a new provision on the composition of the Board members of the Ethiopian Chambers of Commerce and Industry has been added. Now, it requires 50 percent representation from regional chambers and industry, 40 percent from national chambers of industry, and the remaining 10 percent from national chambers of commerce.
At the regional level, the membership should be 10 percent from the private sector, 20 percent from unions, 40 percent from PLC and 10 percent from chambers of commerce.
The draft also sets the term limit for board members to two terms.
Apart from this, the bill also sets standards for bazaars and exhibitions at the national and regional level.
