WHEREAS, it is necessary, that trade practice must be undertaken in accordance with the free-market economic policy of the country;

WHEREAS, it is desirable to establish a system that is conducive for the promotion of competitive environment, by regulating anti-competitive practices in order to maximize economic efficiency and social welfare;

WHEREAS, it is believed that the regulation of price and equitable distribution of certain basic goods and services in times of irregular and short supply is necessary to safeguard the public;

NOW, THEREFORE, in accordance with Article 55(1) of the Constitution of the Federal Democratic Republic of Ethiopia, it is hereby proclaimed as follows: