Addis Fortune (Addis Ababa)

Ethiopia: More Than 24 Million Dollars Earned From Export

The latest figures from the Ministry of Trade (MoT), show that Ethiopia has exported items worth more than 24 million dollars to the US market over the first nine months of the year 2013.The export items responsible for this revenue include garment, leather products, and silk.

In an effort to expand the export varieties, the country is embarking up on an export of factory produced malt and flours, an encouraging result in its plan to increase export of value added items.

It is also reported thatEthiopia's export to theUnited Stateshas seen a steady growth both in value and variety over the past decade. This increase in the export of the items to the US is taken as an improvement in Ethiopia's capacity to utilize the benefits of the African Growth and Opportunity Act (AGOA), 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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