Ethiopia's leather and leather products industry generated approximately 23.4 million USD in export revenue during the last nine months of the fiscal year, according to the Leather and Leather Products Industry Research and Development Center.
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Ethiopia's trade performance over the past nine months showed positive signs, though falling short of initial targets. The country aimed to achieve USD 3.562 billion in foreign trade revenue, but only reached USD 2.541 billion, representing 71.34% of the goal.
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In a bold move designed to boost economic growth, Ethiopia took a major shift in its trade policy. The Ethiopian Investment Commission (EIC) and the Ministry of Trade and Regional Integration jointly revealed that export, import, wholesale, and retail trade sectors would now be open to foreign companies.
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East African flower growers can expect a boost in business thanks to a new tax break from the UK. Announced by the UK High Commission in Nairobi, the initiative offers duty-free access for cut flower exports from the region until 2026.
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Ethiopia is on the home stretch of joining Africa's free trade area, the African Continental Free Trade Area (AfCFTA), according to the Ministry of Trade and Regional Integration (MoTRI).
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