Ministry tightens rules for int’l trade fairs

Staff Correspondent | Published: 00:05, Nov 29,2017 | Updated: 01:02, Nov 29,2017

 
 

The government has tightened its monitoring on international trade fairs imposing conditions on entities that organise the events in the country to protect the interest of local industries.
The commerce ministry has recently issued a circular on the holding trade fairs in the country incorporating four new rules for international trade fair.
According to the new rules, the organisers would have to file application for the approval of international trade fair to the commerce ministry with trade license and income tax and vat payment certificates before two months of the event.
In case of trade organisation or association, the trade organisation certificate issued by the commerce ministry and certificate of incorporation issued by the joint stock company would have to be submitted with the application, the circular said.
If it is proved that the international event would be harmful for the local manufacturing industries, the commerce ministry would not give permission to organise the fair, it said.
The circular said that if necessary the commerce ministry would seek recommendations from concerned ministry, related chamber of commerce and industry, export promotion bureau and local administration before giving approval of international trade fair.
A commerce ministry official said that the ministry issued circular imposing some new rules to strengthen its monitoring on all types of trade fairs across the country.
He said that the ministry tightened the provision for international trade fairs so that none can import or sale such products for the fair which would erode the competitiveness of local manufacturers. 

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