Pessimism around Ethiopia AGOA reinstatement in 2024 - News Summed Up

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Pessimism around Ethiopia AGOA reinstatement in 2024


America suspended Ethiopia from the free trade act in late December 2021, because of the ongoing civil war with the rebel Tigray People’s Liberation Front (TPLF). America suspended Ethiopia from the AGOA free trade act in late December 2021, because of the ongoing civil war with the rebel Tigray People’s Liberation Front (TPLF). This is despite the roll-out of the African Continental Free Trade Area (AfCFTA), which was launched in 2018. “African countries only play a minor role,” in the country’s clothing and textile trade, the economist told Just Style. A UN Development Programme (UNDP) report released in December (2023) revealed the extensive impact of Ethiopia’s suspension from AGOA trade pact.


Source: Ethiopian News December 22, 2023 12:10 UTC



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