The Council of Ministers sent to the House of Peoples’ Representatives for approval of the new Investment Draft Proclamation.
The House passed a resolution today and sent it to the House of Peoples’ Representatives.
In a statement issued by the Prime Minister’s Office, the Council noted that the draft proclamation was prepared as it is necessary to accelerate, expand and encourage the growth of the country’s economy and ensure its sustainability.
The Investment Commission has submitted its draft proclamation to the Council of Ministers as it promotes domestic production capacity and improves the livelihoods of citizens and promotes international competitiveness, promotes export, broader and quality employment.
The council then discussed the draft privatization proclamation.
The Ministry of Finance has prepared a draft proclamation to ensure the sustainability of the country’s economic development and transformation and create environment conducive to private investment.
The draft Proclamation is said to be necessary because it is necessary to improve the financial provision for development and to expand and enhance the role and participation of the private sector in the economy.
The Ministry of Finance issued an Excise Tax Proclamation for the Council to issue tax exemptions for goods and services that would help the government collect proper taxes from tax-exempt products, contribute to the prevention of contraband and illegal trade, and harm the health of the community. The house is provided.
The Minister of Health, Dr Amir Aman, announced on his Facebook page: “At the Council of Ministers’ meeting today, the Excise Tax Reform Proclamation was passed on the ban on harmful products (alcohol, tobacco products, sweet and salty foods, fatty foods).
The Proclamation also noted that the World Health Organization, the World Bank, and the experiences of various countries in collaboration with Ethiopia have come together with other products which have been revised by the Ministry of Finance.
The Council of Ministers has also discussed the draft proclamations and decided to pass them on to the House of People’s Representatives for approval.
Changing the Registration and Licensing Council of Ministers Regulations No. 392/2009 is necessary to make changes to the laws that govern the trade registration and licensing system to make the country easier for business to make it easier, cost-effective, modern and accessible. The Secretariat has prepared a draft amendment to the Council of Ministers.