Teaming up to exploit trade and tourism upshots from the upcoming Dubai trade fair, the Agricultural Transformation Agency (ATA) and the Ethiopian Tourism Organization (ETO), seek to secure USD 63 million worth of trade deals.
Withthe country struggling to contend with the extended security crisis, more reports are emerging revealing an alarming trendin the performance of Ethiopia’sexport sectorasthe Ministry of Trade and Industry (MoTI) continues tograpple with illicittrade activities.
The export of some 104,000 tons of coffee has generated USD 334 million. When added with the USD five million generated from spices exports and USD 1.6 million from tea; the total export value Ethiopia has bagged during the current half fiscal year stands at USD 340 million.
A systematically orchestrated coffee cargo pilferage destined for export market has become a trend in the export business with at least six exporters reportinga loss of some 150 quintals from sealed containers, The Reporter has learnt.
Still quite shy of its target and last year’s performance, the export of 60,000 tons of coffee has generated USD 204 million during the first quarter of the current fiscal year, The Reporter has learnt.
Launching the annual series of Trade and Development Report, an official with the United Nations Conference on Trade and Development (UNTCAD) underscored the likelihood of Ethiopia to feel the heavy hand of the ongoing global trade war initiated by the aggressive policies of US president Donald Trump against Chinese goods and exports.