Minister of Trade and Industry Soraya Hakuzwiyaremye announced that internal trade is stable despite COVID-19 that has disrupted commercial activities.
The Ministry of Trade and Industry (MINICOM) on Wednesday, October 14, 2020 outlined the current state of domestic trade, in a press conference with Minister Hakuziyaremye Soraya-ImvahoNshya reports.
Minister Hakuziyaremye said that the domestic trade is in a good progress and that the priority is to make it work well, so that traders can get their products to the market and buyers access them.
She further added that the Ministry of Trade and Industry continues to develop the industries in a way that they continue to be productive to the development of the country.
“The Ministry helps domestic industries to increase their capacity to compete with imported goods in order to promote the Made in Rwanda products,” she said.
Hakuziyaremye explained that since January 2020, the Ministry of Trade and Industry has done a lot in the field of industrial development.
“I would give an example like continuing to make easier the access of the basic equipment that the industries use in their daily activities such as machineries, to help the industryies reduce the cost of electricity so that they can continue to produce products that can compete with imports,” she said.
The COVID19 epidemic has disrupted domestic trade, prompting the Ministry of Trade and Industry to start visiting basic manufacturing industries including those based in the health sector, especially in the areas of sanitation and construction plus food processing industries.
PHOTO: Minister of Trade and Industry Hakuziyaremye Soraya explains the state of domestic trade
MINICOM announces that they has a plan to continue to prepate the industrial zones in order to look at the infrastructure needed in each zone and to see how these industries are located in these zones according to their production categories.
Minister Hakuziyaremye said that a job creation policy has been introduced this year to help small and medium enterprises, especially innovation and job creation as well as helping companies to start working and educating them on how to improve their practices.
Regarding the issue of food and beverage prices that are on the rise, MINICOM explained that they have set a maximum price and that there are penalties in place for those who can exceed them.
Minister Hakuziyaremye said: “MINICOM has set maximum prices. These include basic prices for agricultural and livestock products, whoever exceeds them gets punished and his/her business is closed.
Hakuziyaremye also explained the reason why Made in Rwanda products are more expensive than foreign imports.
“The reason for the high cost of Made in Rwanda products is the high cost of electricity, high travel costs, industrial capacity and increasing the size of their production. All these things make the cost to be higher.”
Regarding the Industrial Development Policy, the current one was set in 2011, MINICOM announces that it will me amended with the national vision 2050 and the 7-year Government program aimed at accelerating sustainable development.
The Express News