ADDIS ABABA (AFP) — Ethiopian exports to the
"Since the project's inauguration two years ago, Ethiopian exports under AGOA/General System of Preference (GSP) have increased by almost 100 percent to 8.9 million dollars (5.9 million euros) in 2007, much higher than the average national exports growth rate over the past five years," the US embassy said in the statement sent to AFP.
"We are on the verge of a major breakthrough where companies in the US and elsewhere are starting to recognize Ethiopia as a place to do business and our exporters are starting to open their eyes to the world of opportunities that exist in the export sector," project director for Ethiopia Addis Alemayehu was quoted as saying in the statement.
Ethiopia's total exports to the United States, which include leading export items such as coffee and spices, have also risen from 61 million dollars (40.4 million euros) in 2005 to 81 million (58.2 million euros) in 2007, an increase of almost 30 percent, according to the statement