The Foreign Used Cars Dealers Association maintains it is not opposed to the industry being opened up. However, it insists that there should be close monitoring to ensure new dealers comply with the guidelines.
Recently sixty-nine (69) companies were presented with new Dealer Registration Certificates to allow them to engage in trade. Issues surrounding moves to regulate the sector have gone before the courts.
The Trade Ministry providing details on the 264 applications received to date, explained that 140 companies were investigated and the 69 presented with Certificates fulfilled all the requirements. It outlined that of the number investigated, 55 met the infrastructural requirements but are awaiting documentation.
When all required documents are submitted, Registration Certificates will be issued by the Trade License Unit.
Foreign Used Car Dealers Association President, Visham Babwah, in a News Power Now interview said he is hoping that matter does not return to the court again.
Foreign Used Car Dealers Association President, Visham Babwah.