Chairperson Parliamentary Committee on Trade, Kenneth Lubogo
Parliament through the Committee of Trade chaired by Kenneth Lubogo has summoned the Minister of Trade, Industry and Cooperatives, Amelia Kyambadde to appear before the committee on Friday to explain her failure to stop Chinese traders from dealing in retail business.
Traders in Nakasero market matched to the streets on Wednesday morning protesting against Chinese traders that have taken over petty businesses despite coming into the country as investors.
“We are aware business people have closed down their premises in protest of the unfair business competition existing between the local traders and the Chinese foreigners and we register our concern,” Lubogo said.
He noted that the committee appreciates the predicament the business community finds itself, assuring the public that Members of Parliament with the mandate of handling such issues are now taking it on.
“We have already considered the issues pertaining the foreigners; the report is ready and will be tabled for debate the very day Parliament will reconvene,” Lubogo said.
“We are concerned that our businessmen are being edged out of business to the extent of closing down and failing to pay school fees for their children.”
Lubogo promised that the moment the report is adopted by Parliament as a committee, members shall take it up upon themselves to immediately embark on legal reforms so as to create an environment which will help people do business successfully.
“We urge the Ministry of Trade to take immediate action in solving the problem. We gave them a deadline last December which they have manipulated and maneuvered to protect the interest of the foreigners in retail and wholesale trade which is reaching beyond limits.”
, #Chinese Retailers