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{
    "id": 100598,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/100598/?format=api",
    "text_counter": 283,
    "type": "speech",
    "speaker_name": "Mr. Kimunya",
    "speaker_title": "The Minister for Trade",
    "speaker": {
        "id": 174,
        "legal_name": "Amos Muhinga Kimunya",
        "slug": "amos-kimunya"
    },
    "content": " Mr. Temporary Deputy Speaker, Sir, while appreciating the mood of the House in terms of the sensitivity to escalation of prices, I wish to put on record that the Government is committed to the continued liberalization of the economy. The passage of this Bill by this House would not necessarily mean going back on the liberalization that this country committed itself to from the early 1990s. It should not be seen as a signal to potential investors that Kenya is backtracking on the progressive reforms it has been making. I can appreciate the sensitivity because of escalation of prices and I hope that in the application of this Bill, we will be targeting goods with a lot of care not to send mixed signals to the economy. I hope this House gets that on board as we get into the implementation. As things stabilize, I would like to invite this House to eventually look at this Bill and put it into the context as we move forward among the communities of nations that have opened up to private sector control, participation, liberalized economies and not send the wrong signals as a country, as part of the East African Community (EAC), Common Market for Easter and Southern Africa (COMESA) and World Trade Organization (WTO), that we are going back but it is necessitated by specifically, the issues relating to the escalation of prices of essential goods as we saw in 2008 and 2009 and that its application will be with outmost care."
}