Kasahun Gofe, state minister of Trade and Regional Integration said on Tuesday that the ministry is currentlyto collect inputs before the soon enaction of the law. According to him, the law will have irreplaceable role in making basic consumables accessible for the community living along border areas.
According to the law, individuals engaged in informal cross-border trade along the Ethiopia-Djibouti border will have permission to transport goods up to a value of $1,000 per month, according to the document obtained by. Cross-border traders originating from Ethiopia will be granted the opportunity to export seven specific commodities, including livestock, animal products, fruits, vegetables, and corn, to Djibouti without incurring any taxes.
14.4% of annual African exports. To address this issue, the African Union officially launched the African Continental Free Trade Area in 2018. The primary objective of the AfCFTA is to progressively eliminate tariffs on intra-African trade, streamlining business transactions within the continent for African enterprises. Presently, fewer than ten African countries are actively participating in the free trade area.