Ethiopia, the second-most populous nation in Africa, has the largest economy by GDP in East and Central Africa and is one of the fastest growing economies in the world. The new government formed in 2012 has inherited a number of challenges, including the volatile situation in neighbouring Somalia and an unresolved border conflict with Eritrea. Ethiopia applied for WTO membership in 2003 and the on-going negotiation on WTO accession is largely indicative of the country’s goal of opening up its economy.
ITC is pursuing its role in facilitating Ethiopia’s accession to the WTO and assisting the Ethiopian Chamber of Commerce and Sectoral Associations to mobilise resources for capacity building for SMEs in the country. Through its project titled Supporting India’s Trade Preferences for Africa (SITA), ITC will also be aiming to promote exports from five East African countries including Ethiopia, to India, through investments and the transfer of skills.
Notes: Top 20 products listed in decreasing order of their export potential to the world. Development indicators are relative to the country’s current situation, green indicating performance above its trade-weighted median and red otherwise. A blank cell indicates that data are not available. A blank cell in export potential means that the product was not consistently demanded over five years by any country in the respective region. Exports (US$ thousand) correspond to average exports to the world over the period 2009-2013.