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Ethiopia to Lift Tariffs for 5,700 Goods

Tarrif One

The Ministry of Trade and Regional Integration revealed that the African Trade Ministerial Council has accepted Ethiopia's proposal to trade 5,700 goods, constituting 90% of products, within the African Continental Free Trade Area (AfCFTA).

According to the AfCFTA plan, Ethiopia will include these items in the non-tariff scheme after seven years, with negotiations planned for the remaining 10% of goods. The goal is to initiate a bilaterally guided trade initiative with AfCFTA member countries to enhance the competitiveness of Ethiopian products in the African market.

Gebremeskel Chala, the Minster of Trade, emphasized the need for collaborative efforts among government agencies, manufacturers, and research institutions to build the private sector's capacity and make their products competitive.

Ethiopia's active participation in AfCFTA aims to achieve aggressive targets and gain acceptance for its exportable commodities in a short period. Bilateral trade efforts are underway, involving steps such as preparation, item identification, and engagement with the private sector. Future negotiations will continue for goods excluded from the current list.

Source: The Ethiopian Herald