The Ghana Cement Manufacturers Association (GCMA) has lauded the passage of the Ghana International Trade Commission (GITC) Bill saying it will provide protection to local industries, generate revenue as well as promote and attract foreign investments.
Dr. George Dawson-Ahmoah, Strategy and Corporate Affairs Director of GHACEM, who doubles as the chairman of the Tema Branch of the Association of Ghana Industries in a statement issued in Accra yesterday said the bill had come at the opportune time to also provide trade contingency measures, which has legal backing to protect the local industry.
Parliament has passed the Draft Bill for the establishment of the Ghana International Trade Commission (GITC) as an Agency responsible for ensuring compliance with the rules and regulations of international trade.
The Bill, which now awaits the President’s signature seeks to establish the Ghana International Trade Commission as an independent quasi-judicial government agency.
It will empower GITC to regulate Ghana’s international trade in conformity with the rules and regulations of the world trade system and deal with related matters.
Dr. Dawson-Ahmoah thanked the Ministry of Trade and Industry and Parliament for their commitment in seeing through the passage of the bill stressing that it comes as an encouragement for the local industry to strive hard and compete fairly in the competitive market
He expressed optimism that the bill would ensure fair competition for persons engaged in domestic production and international trade, and protect the domestic market from the impact of unfair trade practices in the course of international trade. Adding that, GITC will ensure special import safeguard measures such as anti-dumping duties and tariff adjustment.
“Our worry of late was that most industries are collapsing and workers are losing their jobs because of the unprofitability nature of businesses as a result of influx of imported goods with cement not an exception,” he said.
He appealed to stakeholders, especially those in the business sector such as AGI to support the Bill and capitalise on it to support the local industry
He urged the local industry to maximise production and be consistent to meet market demand to reinforce the objective of promoting made in Ghana goods and services when the bill takes off.
By Times Reporter