Each day TFO Canada publishes a sample of trade news on the Canadian import market along with any new, updated or changed regulations and legislations regarding international trade; countries in which TFO Canada offers services and on the export sectors which it promotes.
Ethiopia realises $2.6bn revenue from commodity exportsWednesday, June 25, 2014 > 08:50:38
THE Ethiopian Government had generated 2.6 billion dollars from the export of goods and commodities within the last 10 months, Trade Ministry official announced on Tuesday.
The ministry's Spokesperson, Amakele,Yimam ,told newsmen in Addis Ababa that the amount was generated mainly from the export of animals, fruits and vegetables, coffee, hide and skin, textile and garments. The News Agency of Nigeria (NAN) quoted Yimam as saying that the revenue generation had risen by 4.8 million dollars, a substantial increase over the amount collected during the last Ethiopian fiscal year.
Ethiopia exported these items in large quantities to countries in the Middle East and some parts of Europe to earn foreign exchanges and attract revenues, Yiman said.
The spokesperson, however, said that the 64 per cent of the revenue target for the current fiscal year had been attained in the last 10 months.
Yiman blamed the low performance in coffee export on drop in coffee price and supply shortage. (NAN)