Ethiopian Investment Commission (EIC) announced that Ethiopia was working towards establishing special economic zones with a view to improving international trade connectivity and attracting foreign direct investment. To realize this goal, a draft proclamation on special economic zones is prepared which is aimed at promoting regional and international trade relations by enhancing the environment of free trade zones and industrial parks. EIC held a discussion yesterday with Government institutions to collect feedback on the draft proclamation. Habtamu Simachew (PhD), a consultant at EIC, on his part, stated that policy measures targeting special economic zones would help in facilitating Ethiopia’s move towards trade liberalization. It is to be recalled that the Council of Ministers of Ethiopia approved a policy document on National Economic Zones in August this year.

Source: Ethiopian News November 26, 2022 06:38 UTC