Ethiopian Industrial Parks Development Commission (IPDC) revealed that industrial park companies could provide their products to the local market for the following six months. The companies were allowed to sell their products to the Ethiopian market after Ethiopia was banned from the African Growth and Opportunity Act (AGOA) of the United States.

According to Addisu Mamo, Deputy CEO of IPDC, Ethiopian Government is working towards alleviating the problems created as a result of the restriction that has deterred the country from accessing the AGOA market. He stated that there were efforts to identify other suitable markets for the products of industrial park companies. Ethiopia is also trying to regain access to the AGOA market.

During the 2021/2022 fiscal year, industrial park companies supplied goods to the local market substituting import products which amount to USD 161 million. The companies also generated USD 196 million from export and created jobs for 57,000 citizens during the same fiscal year.

Source: Ethiopian News Agency