Open up foreign trade! Ethiopia to allow foreign investment in trade
Recently, under the leadership of Ethiopian Prime Minister Abby, the Ethiopian Investment Commission (EIC) will issue a new law that will allow foreign companies to participate in import, export, wholesale and retail trade, the Ethiopian local media network reported.
![](https://world.gafei.com/uploadfile/77/59a21b14.jpg)
It is understood that as a result of the policy formulated by the early Ethiopian government to protect specific areas from competition from outsourced investment, the policy is aimed at protecting domestic investors from competition from foreign investors. As a result, the import and export, retail and wholesale industries have been banned from foreign investors or companies for so many years.
Under the new policy, foreign investors can now participate in retail trade investments that were previously limited to local investors. In the export sector, foreign investors can now participate in the management of coffee, Arabica tea, oilseeds, legumes, raw skins, forest products, poultry and livestock, while on the import side, foreign investors can engage in all imports except chemical fertilizers and oil.
However, the new policy also states that foreign investors or investment enterprises need to meet the commodity restrictions and conditions of the new policy in order to obtain a license. For example, foreign companies that want to obtain a coffee export license need to provide proof that they purchase coffee worth at least $10 million a year for at least three consecutive years before applying for the license, while other products have the same amount requirements. it's just a difference in the amount.
In this regard, the deputy director of the Ethiopian Investment Commission said that it was not an easy decision, but foreign investors showed great interest in it, and the new policy would bring great changes to the trading system.
![](https://world.gafei.com/uploadfile/50/dded34b4.jpg)
A legal expert who provides commercial legal services for a number of industries predicts that foreign companies, especially those in the coffee industry, will queue up to apply for export licenses. In addition, it is believed that the policy will benefit the Ethiopian economy, as foreign investors are more interested in participating in the international trading system than locals.
However, at present, there are still many problems in Ethiopia, the armed group "Fano" is also active in Ethiopia's Amhara region, frequent conflicts with government forces. In addition in mid-April the people's Liberation Front of Tigre launched a military operation to control the area near the town of Alamata.
Therefore, for the current conflict situation, there are investor analysis, conflict and war brought about by political instability, social instability, security risks and other factors, will make investors worry about the investment environment and reduce their willingness to invest. Second, the war may cause losses to the country's infrastructure, production capacity and supply chain, limiting production and business activities, so risk assessment needs to be done before investment.
- Prev
Papua New Guinea| Introduction to coffee varieties in coffee producing areas, bird of paradise coffee beans
Papua New Guinea Papua New Guinea Papua New Guinea is called the Independent State of Papua New Guinea. The country is located in the southwest of the Pacific Ocean and is a country
- Next
Be careful! Budgeting college students are targeted by Starbucks!
▲ Click to pay attention| Daily Boutique Coffee Culture Magazine Coffee Workshop recently launched a "Star Classmate Card" event, which is aimed at domestic college students, including but not limited to junior college students, undergraduate students, and graduate students (including master's degree, excluding self-study). Students participating in the event only need to pass identity verification
Related
- Gu Ming was exposed to bloody phlegm?! Municipal supervision: unable to identify
- Continue the encirclement and suppression! Cody wants to open 50,000 convenient stores and is desperate for lucky luck!
- Sudden! Eritrea announced the suspension of all Ethiopian flights. Ethiopian coffee exports are facing serious problems
- Introduction to Sulawesi Island, a coffee producing area in Asia and Indonesia
- What is the difference between a bottomless espresso maker and a diverter handle? What handles should I use for single and double powder bowls? Which handle is suitable for extraction and concentration?
- Can coffee beans be stored in the refrigerator? What should I pay attention to when freezing coffee beans? Why are the beans crispy after freezing?
- The price has increased 10 times?! How many cafes did Sam's Desserts save?
- Clang! Clang! Ruixing destroyed a large number of raw materials for products that will be sold in the market!
- Introduction to Brunka, the coffee producing area of Costa Rica in Central America
- Brazil releases report: More than 1000 cities have severe drought!