2merkato

The significant economic growth shown by Ethiopia over the last two years will help the Word Trade Organization membership process according to Pascal Lamy Director General of the WTO.

Population size is a WTO requirement which Ethiopia has been able to meet noted Lamy in a meeting held in Addis Ababa last week.

The WTO can offer support in addressing issues related to the quality of products and service said Mulu Solomon, President of the Ethiopian Chamber of Commerce and Sectoral Associations.

Ethiopia earned near to 44 million US dollars from the export of textile and textile products in the last two quarters said the Ethiopian Textile Industry Development Institute.

The revenue earned from textile exports in the last two quarters exceeded the amount collected in the same period of the previous fiscal year by almost 23 million US dollars according to Sileshi Lemma Director General of the textile development institute.

Ethiopia shipped 40 tons of organic banana to Saudi Arabia as the nation begun exporting the fruit for the first time.

International companies have shown an interest to export organic bananas to meet the high demand on the international market.

An agreement is in the process of being negotiated with one of the parties interested in exporting Ethiopian bananas for the export of 200 tons of the fruit to the Jeddah market every week.

Zefemesh plc, Ethiopia announced plans to launch a mega mall complex. The complex will be cover 9000 m2 and will be seven floors high, to house various services.

The building will be located in the Megenegna commercial area of Yeka district chosen for its strategic location according to Nega Asfaha, Project Management Consultant for the Zefemesh Grand Mall project.

The 4000m2 mall building will be open for business in six months he said.