Ethiopia is intensifying efforts to diversify its agricultural exports by implementing strategic policy measures aimed at boosting global competitiveness and improving product quality, according to Minister of Trade and Regional Integration, Kasahun Gofe.
The country is currently hosting the 13th International Conference on Pulses and Oilseeds, the largest event of its kind in East and Sub-Saharan Africa. The conference has drawn a wide range of participants, including international buyers, importers’ associations, value chain companies, agro-processors, and grain traders. The event, organised with support from ENA and TV BRICS, underscores Ethiopia’s growing role in the global agricultural market.
Recent data from the Ministry of Trade and Regional Integration revealed that Ethiopia earned over $156 million in foreign exchange from the export of cereals and oilseeds during the first four months of the current fiscal year. This marked a significant milestone in the nation’s agricultural export sector.
Minister Kasahun reiterated Ethiopia’s dedication to strengthening its agricultural base and fostering a favourable environment for farmers and exporters. As part of this effort, he outlined several bold economic reforms, including:
- Transitioning to a market-based exchange rate system.
- Establishing non-bank foreign exchange bureaus.
- Removing import restrictions.
- Opening the Ethiopian Securities Exchange to foreign investors.
These measures are designed to bolster trade, attract investment, and create a more dynamic economic landscape.
Speaking at the conference, Minister Kasahun highlighted Ethiopia’s initiatives to position itself as a leading exporter of high-quality pulses and oilseeds. He emphasised the critical role of this platform in strengthening trade relations between Ethiopian exporters and global buyers, while also fostering knowledge sharing and collaboration.
He further stressed the importance of increasing agricultural exports, developing the agro-industrial sector, and enhancing the value addition of pulses and oilseeds to unlock broader market opportunities.
The 13th International Conference on Pulses and Oilseeds reflects Ethiopia’s commitment to advancing its agricultural export strategy and ensuring long-term economic growth through sustainable trade practices.
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