Twenty categories of goods, services placed under state monopolyAug 22, 2017 170
The State will hold monopoly over 20 categories of goods and services such as gold bar production, lottery ticket and postage stamp issuance.
Such is provided in Government Decree 94 dated August 10 which specifies goods and services subject to state monopoly.
Gold bar production is one of 20 categories of goods and services subject to state monopoly under Decree 94__Photo: Internet
The Decree, which will come into force on October 1, underlines that state monopoly will only be established over essential goods and services for national defense and security or national interests to which the State would have exclusive rights as well as goods and services which other economic sectors do not wish and cannot deal in.
The list of 20 goods and services subject to state monopoly include goods and services reserved for national defense and security such as military equipment and other products used for enlisted personnel.
The list also covers multipurpose hydropower and nuclear power projects of particular importance, industrial explosives, and fireworks. Other economic activities that fall under the state monopoly are import of cigars and cigatettes; production of gold bars and import and export of gold materials for production of gold bars; banknote printing and coin minting; issuance of lottery tickets and postage stamps; and publishing, excluding printing and distribution.
The scope of monopolized services also extends to transmission and regulation of the national power system; operation of navigation light systems and public navigable channels; management, operation and exploitation of the coastal information station system; air traffic, aeronautical information and aviation search and rescue services; and management and operation of national and urban railway infrastructure.