24 December 2013

Ethiopia - Improvements in Utilizing Agoa

Ethiopia's export to the United States has seen a steady growth in both value and variety over the past decade. The Ministry of Trade's latest figures show that Ethiopia has exported more than 24 million USD to the US market in the nine months since January of this year. The revenue was obtained from export of garment, leather products, and silk. New additions to Ethiopia's export portfolio also include factory produced malt and flours, an encouraging result in the country's plan to increase export of value added items. The nine month performance indicates that the country has been on a steady course to improve its export regime and try new markets other than traditional export destination. The increase in export to the United States is also an improvement in Ethiopia's capacity to utilize the benefits of the African Growth and Opportunity Act, an initiative launched in 2000 by the US government to provide sub-Saharan countries duty-free access to the US market.

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