The Ethiopian government is considering lifting import and export trade bans to address domestic inflation losses

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,,.The proposal to change this policy was put forward after existing foreign direct investment exporters requested government compensation for losses in their export business.

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:“,100%,”.

Kelifa Hussein:."We lose $2,500 for every ton of meat we export because the domestic livestock price is three times higher than the international meat price."

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Kelifa Hussein,,200%.“Although the Ethiopian central bank recently raised our foreign exchange retention rate from 20% to 40%, as foreign exporters, we are not allowed to import goods, and therefore cannot make up for the losses.”

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Tilahun Abay,.He said, “Plans have already been made to allow foreign suppliers to import strategic goods as a foundation for implementing the African Continental Free Trade Agreement.”"But at the same time, Tilahun Abay is concerned that liberalizing imports could harm the interests of local producers, so the process needs to be carried out gradually.