Institute Introduces Marks for Imports Goods


Institute Introduces Marks for Imports Goods

Initiative Aims to Enhance Product Quality and Facilitate Global Trade Integration The Ethiopian Standards Institute (ESI) has announced the upcoming implementation of a new standard mark for imported products, which will enable consumers to easily distinguish them from locally manufactured goods. This initiative is part of ESI’s broader strategy to ensure product quality and safety. Authorities emphasise that the introduction of this mark aligns with Ethiopia’s ongoing efforts to agree to the World Trade Organization (WTO). By adopting international standards and regulations, Ethiopia is demonstrating its commitment to global trade practices. According to the WTO Agreement on Technical Barriers to Trade, member nations are encouraged to utilise relevant international standards as a foundation for their technical regulations, provided such standards are effective and suitable for local conditions. The ESI believes that the implementation of the standard mark will assist Ethiopia in joining the ranks of other member countries that have adopted similar import standards. This, in turn, is expected to support the country’s trade credibility and facilitate smoother access to international markets. The newly designed standard mark will soon be applied to imported items meeting the necessary criteria, ensuring they are clearly identifiable and subject to regulation alongside local products. This initiative mandates that imported goods adhere to the Institute’s standards before they can receive the mark, effectively aligning the quality of imported items with that of domestic offerings.


Radar

Ethiopias Capital Market Sets Sights on Talent Strategy

A new strategy to strengthen the human capital foundation of Ethiopia's emerging capital market is taking shape. Led by FSD Ethiopia in partnership with iCapital Africa Institute and the Nairobi Securities Exchange, the initiative is focused on building the skills, expertise, and institutional capacity needed to support the Ethiopian Capital Market Authority (ECMA). The second round of consultations took place on April 23 at Best Western Hotel, drawing key stakeholders including ECMA Director...


Radar

National Bank Upgrades Core Financial System to Global Standard

The National Bank of Ethiopia (NBE) has officially upgraded the Ethiopian Automated Transfer System (EATS), the country's Real-Time Gross Settlement (RTGS) platform, to align with the ISO 20022 messaging standard, effective March 29, 2025. Handling more than 3.5 million transactions a year worth over five trillion Br, EATS is a critical component of the country's financial ecosystem. It enables real-time, high-value settlements among 35 financial institutions, including commercial banks and m...


Radar

Spice Supply Hits 41,000tns in Nine Months

The South West Ethiopia Coffee, Tea, and Spices Authority has announced that over 41,000tns of spices were supplied to the central market in the first nine months of the current fiscal year, reflecting the region's growing role in the country's spice economy. The region is cultivating spices on more than 90,000 hectares of land, with major contributions coming from turmeric, cardamom, ginger, and black pepper. For the full fiscal year, the authority aims to supply more than 56,000tns of spice...