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.
A national stakeholder forum on the Warehouse Receipt System was held today, highlighting the system’s potential to transform Ethiopia’s agricultural economy, improve access to finance, and strengthen market stability.
Ministry of Trade (MoT) made an adjustment to retail prices of benzene sold in Ethiopia’s capital, Addis Ababa, and its surrounding areas.
The Ministry of Trade (MoT) formed a technical committee to conduct a preliminary assessment to revise the Ethiopian StandardIndustrial Classification (ESIC). The classification is primarily used to avoid overlapping responsibilities and ease the process of registering business activities at government offices. Issues related with professional competency certifying bodies, newly added codes, and overlaps in coding and classification are some of the basic reasons that led the Ministry to revise the clarification for the second time.
Ethiopia’s Ministry of Trade is going to commence business registration and licensing services online. The Ministry is taking such path in response to good governance problems witnessed in the sector.
The service will enable customers of the Ministry to get registration and licensing services from wherever they are.
