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Ethiopia’s Export Sector Weak & Small to Contribute to Structural Transformation – World Bank

27 Aug

Posted by The Ethiopia Observatory (TEO)

    Ethiopia’s export performance has fallen increasingly short of GTP targets, reaching a new low of just 25pc

As the Growth & Transformation Plan (GTP) period draws to a close, Ethiopia continues to lag far behind its lofty ambitions. The latest Ministry of Industry(MoI) report, yet to be released, indicates that the country, which targeted an export revenue of 1.6 billion dollars from the manufacturing sector in 2013/14, ended up with a dismally low 398 million dollars – just 25pc of the target. The revenue, nevertheless, does show an improvement of 41.5pc compared to the performance of the previous year.

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