The main trade policy of Ethiopia is focused on promoting export-oriented industrialization, diversifying the country's export base, and attracting foreign direct investment (FDI) to boost economic growth and reduce poverty.
The key strategies and programs under this policy include:
1. The Growth and Transformation Plan (GTP): The government's long-term development strategy aims to increase exports, create jobs, and boost economic growth through targeted investments in infrastructure, education, and other sectors.
2. Export Promotion Strategy: This strategy aims to increase the country's competitiveness in the global market by focusing on value addition and promoting key export sectors such as agriculture, manufacturing, and services.
3. Investment Promotion and Protection: The government has implemented various policies and measures to attract more FDI, including tax incentives, streamlined procedures for business registration and licensing, and the establishment of special economic zones.
4. Trade Facilitation: The government is working to improve trade-related infrastructure, including transport and logistics, as well as enhancing trade-related policies and regulations to reduce trade barriers, increase the predictability of trade flows and enhance the country's trade competitiveness.
Overall, Ethiopia's trade policy aims to achieve sustainable economic growth and reduce poverty through increased trade and investment in key sectors, while also promoting regional integration and cooperation to enhance market access and deepen economic relations with neighboring countries and beyond.
Major Trade policy of Ethiopian
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