eTrade

FAQ

The African Continental Free Trade Area (AfCFTA) is a landmark agreement creating a single market for goods and services across 54 African countries. This means easier movement of goods, reduced tariffs and trade barriers, and a larger pool of potential customers for Ethiopian businesses.

  • Increased market access: Over 1.3 billion potential customers across Africa.
  • Reduced tariffs and trade barriers: Makes Ethiopian exports more competitive.
  • Enhanced regional integration: Boosts cross-border trade and investment opportunities.
  • Economic diversification: Opens doors for expanding product offerings.
  • Job creation and growth: Stimulates Ethiopian industries and creates new employment.
  • Limited awareness and preparedness: Many businesses still need to understand AfCFTA’s specifics.
  • Logistics and infrastructure: Efficient transport and trade facilitation systems are needed.
  • Product competitiveness: Ethiopian products need to meet quality standards and compete with established brands.
  • Non-tariff barriers: Some trade barriers besides tariffs might still exist.
  • Formalization and compliance: Businesses need to meet export regulations and standards.
  • Capacity building programs: Trainings on AfCFTA, export procedures, and marketing.
  • Financial assistance: Grants, loans, and trade finance solutions for exporters.
  • Trade promotion and matchmaking: Connecting Ethiopian businesses with potential buyers across Africa.
  • Streamlining export procedures: Simplifying customs clearance and regulatory processes.
  • Developing infrastructure: Investing in transport networks, logistics, and trade corridors.