2merkato

Discussion on strengthening bilateral cooperation in the field of pharmaceuticals was held between Ethiopia and Algeria. The discussion was led by Ambassador Extraordinary and Plenipotentiary of Ethiopia to Algeria Nebiat Getachew and Dr. Abderrahmane Benbahmed, Algeria’s Minister of Pharmaceutical Industry.

Ethiopia’s potential for Algerian pharmaceutical companies, the country’s regulations on the pharmaceutical industry, and the incentives available for investors who engage in the industry were raised during the discussion.

The Ministry of Trade and Regional Integration announced that it would work to solve problems in the export sector and collaborate with exporters to realize Ethiopia’s plan of securing USD 5.4 billion from exports in the 2022/2023 fiscal year. Ethiopia was able to earn USD 4.12 billion from export during the last fiscal year which ended on July 7.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 16 August 2022.

Dire Dawa Free Trade Zone was launched on Sunday by Prime Minister Abiy Ahmed. The free trade zone was established as part of Ethiopia’s 10 years development plan, it was learnt.

It is reported that Dire Dawa’s proximity to ports, market potential, and sustainability for multimodal transportation and logistics operation has made it preferrable for Ethiopia’s first free trade zone. According to the Ethiopian Maritime Affairs Authority, additional free trade zones will be established in other parts of the country.