The International Trade Centre (ITC) today released a multimedia report on transforming economies with connected services, with a spotlight on landlocked countries such as, Ethiopia. The report spotlights four types of services, known as connected services, that drive economic transformation. The four services – transport and logistics, financial services, information and communications technologies, and business and professional services – contribute to greater output, trade and jobs. In regions with high-quality connected services, 44% of all companies export, compared with 19% of firms where such services are weaker. Landlocked countries also need these services to diversify their economies away from commodities towards value-added, sustainable goods and services.

Source: News Business Ethiopia June 22, 2023 07:27 UTC