ADDIS ABABA – The government has been exerting unwavering stances to uphold the export trade promotion and global market expansion by conducting reforms, ruling party vice president said.
Prosperity Party Vice President Adem Farah made the above remark on Sunday while officially launching the national trade week being held under the theme “Buy Ethiopian”.
Expressing the government’s bold steps taken to enhance the global market value chain, he highlighted that it is critical to further catalyze and modernize the export trade and investment system to ensure global competitiveness and spur nation’s sustainable development.
Apart from the homegrown and macroeconomic reforms, the government has been undertaking wide ranges of policy and strategy shifts in a bid to create an enabling playfield for the entire business community and private sector’s fair competitiveness, Adem remarked.
“The business communities are also highly expected to leverage the intended opportunities appropriately to benefit themselves and their country which in return promote global competition,” he said.
According to him, the government is also exerting maximum efforts to promote the demand and supply to help rein in inflation by taking legal measures on illegal actors in the market value chain.
Urging the business communities to discharge their due responsibility, he said, adding that “Consuming Ethiopian products and services is the real manifestation of patriotism and a means to promote job creation, entrepreneurship, local handicrafts and it is indeed investing in the country we want.”
On his part, the Ministry of Trade and Regional Integration (MoTRI) Minister Kassahun Gofe (PhD) stated that the ministry is currently undertaking various research-based policy reforms, legal frameworks to strengthen and advance the general business ecosystem.
As part of the country’s digital journey, several digital platforms are being strictly implemented thereby registering notable outcomes in the sector, he further stated.
So far, the ministry has been facilitating Sunday markets, accounting for 1,066, which directly interconnects merchants with consumers by shortening the market value chain. Also, the open up of retail markets for foreign investors would help promote trade and investment at the required level.
He has also emphasized that it is highly critical to strengthen tech-led trading systems like the newly inaugurated state-of-the-art export commodities display center, which lies on 730 meters square area, which is a significant milestone to expedite the country’s export trade facilitation in the international market value chain.
BY ASHENAFI ANIMUT
THE ETHIOPIAN HERALD TUESDAY 27 AUGUST 2024
