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While the Scrap Iron Dealers Association (TTSIDA) is grateful that the Ministry of Trade and Industry (MTI) has extended scrap metal dealers’ licences until October 14, it warns that the current system could force members to shut down.
In a virtual media conference yesterday, TTSIDA president Allan Ferguson said he would be sending a letter to the Minister of Trade and Industry, Paula Gopee-Scoon, outlining the issues and calling for urgent action. He explained that when dealers submit documents to the MTI, they wait between three to seven weeks for a response or for export licences to be granted.
Further elaborating, TTSIDA vice president Erros Seejattan noted that it takes approximately two weeks to accumulate the required amount of materials, a minimum of three weeks to obtain a licence, and another two weeks or more to secure an inspection for approval before loading can take place.
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