The Ministry of Revenues announced that a legal framework which regulates the import export trade between Ethiopia and Eritrea was being prepared. The ministry stated restrictions were imposed on fuel and other commodities sent to Eritrea. According to Revenues Minister Adanech Abebe, the legal framework will also include a tax system.
Until a system is set in place, temporary restrictions on timing of daily trade transactions and specific commodities put in place will be effective, according to Mebrahtu Meles, Trade and Industry State Minister. Accordingly, daily transaction in the Ethio-Eritrea border areas is arranged to be carried out between 6 A.M in the morning and 6 P.M in the afternoon.
Necessary information which is needed to clearly specify the objective and nature of the economic transaction in the border areas is compiled by a committee composed of the federal government and Tigray Regional State.
Source: Ethiopian News Agency