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Experts convened on May 8, 2015 in Addis Ababa, Ethiopia to do the ground work for Continental Free Trade Area (CFTA), Ethiopian News Agency reported (ENA).

Export abattoir built by nine Ethiopian Diasporas in Somali State has gone operational. The abattoir, whose capital investment is 172 million Birr, has the capacity to slaughter 2000 cattle per day.

The abattoir was inaugurated by Livestock and Fisheries State Minister, Gebregziabher Gebreyohannes (PhD) and President of Somali State, Abdi Mohammed.

9 months report of Ethiopia’s export takes further decline both in meeting targets and comparison to last fiscal year’s performance. The report, which is expected to be presented to the House of Peoples’ Representative (HPR) by the Ministry of Trade (MoT), reveals export earnings from agriculture, manufacturing and mining sectors have declined.

Ethiopia plans to improve the volume of its export trade. According to the Ministry of Finance and Economic Cooperation, the plan is set to reduce the country’s USD 26 billion debt. The Ministry’s Communication Director, Ato Haji Ebsa, said the performance of the export trade was low and that there is a huge gap between its export performance and its external debt.

Export revenue from industrial parks falls short of expectations in the 2023/24 fiscal year. The Ethiopian Investment Commission (EIC) reported a total export value of USD 115.2 million, 46% of the targeted amount.