Despite Limitations Ethiopia Ramps Up Efforts to Join World Trade Organization


Despite Limitations Ethiopia Ramps Up Efforts to Join World Trade Organization

Having remained on the periphery of the World Trade Organization (WTO) for many years, Ethiopia is scaling up efforts for accession. Although ratifying the agreement to establish the African Continental Free Trade Area (AfCFTA), neither the negotiations to join the WTO nor the efforts to implement the AfCFTA Agreement have been yielding visible results. While the government amplifies efforts to be included in international trade organizations, issues regarding the technical capabilities have been raised by some. Stephen Karingi, director at the Economic Commission for Africa (ECA) said despite the appeal of expanding global trade, growing the implementation capacity of trade agreements should also garner attention. Melaku Ezezew, president of the Ethiopian Chamber of Commerce & Sectoral Association, disclosed the private sector's lack of access to finance, weak competition regulatory regime and inadequate institutional coordination hurt the trade competitiveness. ECA has fostered industrialization and sustained economic growth, authorising the Amharic translation of the continental agreement on the African Continental Free Trade Area (AfCFTA), where non-English speakers can access the translation and benefit from the opportunities it provides. Three weeks ago, the British Embassy in Addis Abeba held a round table panel discussion on Ethiopian Trade Policy partnering with ECA. Speaking at the panel, Kassahun Gofe, state minister for Trade & Regional Integration, said advancing the WTO and AfCFTA accord is a key tool in the consolidation of domestic economic reforms. He believes AfCFTA steers a new era of trade for structural reforms in Africa.

[ssba-buttons]

Radar

US Renews National Emergency, Sanctions on Ethiopia

The United States has extended the national emergency and sanctions on Ethiopia for another year under the African Growth & Opportunity Act (AGOA). Signed by President Donald J. Trump, the measure was first declared on September 17, 2021, through an executive order citing the conflict in northern region of the country as an "unusual and extraordinary" threat to U.S. national security and foreign policy. The extension, effective until September 17, 2026, keeps in place restrictions targeti...


Radar

Rockefeller Pitches Clean Cooking to Curb School Meal Emissions

A recent study has revealed the staggering environmental toll of school feeding programs. A single school serving 400 students can burn through the equivalent of 56 hectares of forest each year to fuel cooking. The Rockefeller Foundation flagged the health risks too, with most cooks, predominantly women, breathing smoke levels ten times higher than the World Health Organisation's safe limit. "If every school meal transitioned to clean cooking with electricity and solar, the emissions saved wo...


Radar

Sun-Powered Grid Brings Light to Qunbi District

A new 600KW solar mini-grid in East Hararge'sQunbi district has connected 2,200 households to electricity, marking a milestone in the recent rural electrification push. Ethiopian Electric Utility (EEU) laid seven kilometres of medium-voltage and 10 kilometres of low-voltage lines, installing four transformers to reach communities long cut off from power. Customers cover only meter and installation costs before accessing the service. The project is part of the national strategy to expand energ...