Trade Rep Cautions Conflict could Harm AGOA Eligibility

Aug 28 , 2021


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

Parliament Reviews Bill Allowing Foreign Property Ownership

A draft proclamation that would allow foreigners to own or occupy immovable property in Ethiopia has been submitted to parliament by the Council of Ministers. Designed to attract foreign investment, the draft law plans to ensure that Ethiopian citizens retain their right to land ownership and use. According to a statement from the Prime Minister's Office, the draft was among six agenda items discussed and approved during the Council's regular session held on May 2, 2025. The proclamation is e...


Radar

Speeding in the Spotlight as New Safety Drive Begins

The Road Safety and Insurance Fund Service has stated that drivers are responsible for 68 percent of traffic accidents in Ethiopia, with the remainder mainly caused by pedestrians and road conditions. On this topic, the service launched a one-month mass media campaign on last week focused on raising awareness about speeding, the leading cause of traffic accidents. The campaign, under the motto "Slow Down, Speeding Ruins Lives," plans to shed light on the dangers of speeding. Yohannes Lemma, E...


Radar

Askari Metals Secures Five Gold Licenses in Untapped Adola Belt

Askari Metals has acquired 100pc of Rift Valley Metals, gaining five gold exploration licences covering 460sqkm in Ethiopia's Adola Greenstone Belt, part of the southern Arabian-Nubian Shield, a mineral-rich but underexplored region. "The exploration areas—Sakaro, Sakaro West, Lega Dembi South, Megado, and Wayu Boda—lie near Ethiopia's top gold mines, including Lega Dembi and Sakaro, which have produced over three million ounces of gold. The area is known for orogenic gold systems hosted...