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Prior to the outbreak of the 1998–2000 Eritrean–Ethiopian War, landlocked Ethiopia mainly relied on the seaports of Asseb and Massawa in Eritrea for international trade. Ethiopian Airlines is the largest airline in Africa, and one of the highest grossing airlines in the world with a revenue over 5 billion USD.
Between 1960 and 1970, Ethiopia enjoyed an annual 4.4% growth rate in its per capita and overall gross domestic product (GDP). There was an increase in the manufacturing growth rate from 1.9% in 1960–1961 to 4.4% in 1973–74, with the wholesale, retail trade, transportation, and communication sectors increasing from 9.5% to 15.6%. [4]
When their occupation of Ethiopia ended in 1941, the Italians left behind a country whose economic structure had changed little in centuries. [1] Some improvement had taken place in communications, particularly in road building, and some limited attempts had been made to establish a few industries and to introduce commercial farming, particularly in Eritrea, which Italy had occupied since 1890 ...
President Joe Biden on Tuesday said he's decided to cut out Ethiopia from a U.S. trade program, setting the path for further sanctions against the African nation over its failure to end a nearly ...
Between 1950 and 1960, the imperial government of Ethiopia enacted legislation and implemented a new policy to encourage foreign investment in the Ethiopian economy.This new policy provided investor benefits in the form of tax exemptions, remittances of foreign exchange, import and export duty relief, tax exemptions on dividends, and the provision of financing through the Ethiopian Investment ...
In an op-ed article for The Guardian (UK), Ha-Joon Chang argues that economic downturns in Africa are the result of free trade policies, [57] [58] and elsewhere attributes successes in some African countries such as Ethiopia and Rwanda to their abandonment of free trade and adoption of a "developmental state model".
The goods trade deficit with Mexico alone increased more than 78% between 2020, the year the USMCA took effect, and the end of 2023. And the deficit with Canada grew by about 27%, according to the ...
In Ethiopia, claims of human rights abuses associated with mass evictions in Gambella prompted neighboring South Sudan — a nation ravaged by a civil war — to grant group refugee status to Anuak who have fled Ethiopia. Otiri and Omot escaped the violence in Gambella in the summer of 2011 by trekking across the Ethiopian border into South Sudan.