Trade Rep Cautions Conflict could Harm AGOA Eligibility

Aug 28 , 2021


[ssba-buttons]

Ethiopia's access to trade benefits under the African Growth & Opportunity Act (AGOA) is at stake as the United States threaten to review the eligibility of the country if the ongoing conflict in Tigray Regional State remains unaddressed. During a virtual meeting last week with Mamo Mihretu, senior policy advisor and chief trade negotiator at the Office of the Prime Minister, United States Trade Representative Katherine Tai indicated that, if unaddressed, the ongoing conflict in Ethiopia could affect the country's future AGOA eligibility. AGOA is an initiative established by the US in 2000 to grant special access to beneficiaries in Sub-Saharan Africa. It was originally expected to end in 2008, but the initiative is now to run until 2025 after a few postponements. It provides non-reciprocal duty-free access to countries, including Ethiopia, to export approximately 6,500 products to the US market. "In the last three years, the government has been undertaking a host of groundbreaking economic and political reforms, ushering in a new era of openness for Ethiopia. These reforms can only strengthen Ethiopia's eligibility for AGOA, not otherwise," wrote Mamo after the meeting.


Radar

Ministry Showcases Arada Branch Revenue Gains

Arada District's Land Development & Administration Branch pulled in over 150 million Br in just 70 days, beating its 90-day target. Most of the revenue came from annual lease collections and service fees. The office also billed 126 property owners for roof and fence valuations, already securing 20 million Br of the expected 46 million Br. Officials issued warnings to 15 allottees slow to start construction and recommended land right revocations in 11 cases. Leaders credited a more efficient...


Radar

Ministry Backs Blended Finance for Micro, Small Enterprises

The United Nations Capital Development Fund (UNCDF) is partnering with Ministry of Finance to expand financial access for micro and small enterprises through blended finance and digital tools. Off-balance-sheet facilities are designed to attract private investors and Development Finance Institutions (DFIs) by reducing risk and improving capital flow. Digital platforms, including mobile money and digital IDs, will lower transaction costs and broaden reach. The initiative supports job creation and...


Radar

National Electricity Network Set for Upgrade

Ethiopia Electric Utility (EEU) plans to expand the national electricity grid by 8,689 km in the 2026 fiscal year, Yohannes Tonja, head of Performance Monitoring and Evaluation, said. The rollout includes 86,789 km of medium-voltage lines, 92,572 km of low-voltage lines, and pre-maintenance on transformers. EEU will also rehabilitate 1,218 km of medium-voltage lines, install 1,893 transformers, and upgrade 308.7 km of low-voltage infrastructure. Operational targets include cutting power interrup...