Ethiopia is set to commence official trade in goods under the African Continental Free Trade Agreement (AfCFTA) on October 9, 2025, marking a significant step toward regional economic integration.
The Ethiopian Intellectual Property Office is to launch the process to re-register trademarks in the coming month it announced. The proclamation that authorizes the office to take this step was endorsed seven years ago.
The Ethiopian Intellectual Property Office issued 1500 separate patents and creative rights ownership certificates in the last fiscal year.
The office granted certificates after careful evaluation and all due consideration to ensure the originality of the creation both at home and internationally said Awkoke Shiferaw, Head of Communication Service with the office.
Ethiopia has agreed to liberalize 90 percent of its tariff for members the of African Continental Free Trade Agreement (AfCFTA), the Ministry of Foreign Affairs announced.
The National Bank of Ethiopia has issued a new directive that clears the path for e-payment options, effective 1st April 2020. The Bank said the directive is “important” to promote the safety and efficiency of the payment system.
A new study proposed that the 10 percent excise tax imposed on imported textile products be lifted.
The study also suggested that separate taxes be imposed on finished and partially finished textile products replacing the indiscriminate 35 percent tax.
The proposal was made following a study by the association of textile producers in collaboration with concerned government bodies.
Results of the study indicated that the association and the government had reached a common understanding that it was not right that all kinds of textile products should be taxed uniformly, Sleshi Lemma, director general of the Institute of Textile Industry, said.
