Ethiopian Metal Industry Facing Challenges
Representatives from Ethiopia’s metal industry discussed the challenges facing the sector at meeting held last week.
Challenges include price increases, power cuts, taxes, the supply of scrap metal, capital shortages and the monopoly of the Ethiopian Shipping and Logistic Enterprise had the Ethiopian Association of Basic Metals and Engineering Industries to call for a public-private dialogue forum to support the sector.
The competitive advantage of domestic industries is adversely affected by the 5% import duty imposed on scrap metal exports while the finished product is imported duty free according to participants at the meeting suggesting the lift of import duty or develop a duty drawback scheme for domestic industry.
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