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Traders will not be allowed to exploit consumers

Jun 12, 2010 12:13:27 PM - itnnews.lk

No room will be left for the traders to exploit consumers. Minister Johnston Fernando said State trading institutions will be converted into establishments which will decide the price in the market.

The Minister said that their sole intention is to make the Building Materials Corporation, the State Trading General Corporation and the CWE as institutions which decide the price. The private sector is still deciding on the price structure. As such, they decided to undertake the import of goods, enabling them to decide on the price. If not, the Minister emphasized that some traders during decisive junctures were exploiting the consumers.

The Minister was addressing a marketing promotion workshop. It was organized with the purpose of educating employees of the State Trading General Corporation. The Minister revealed of plans to establish a showroom of the State Trading General Corporation in Colombo of international standards. Trade Secretary Anura Siriwardena and Chairman of the State Trading General Corporation Pradeep Gunawardena were among those present.