21
May
NEWSBut they are required to pay taxes to import inputs and forgo incentives Foreign-owned manufacturers operating in Ethiopia can supply their products to the local market if they are willing to forgo the incentives they enjoyed as a licensed exporter, the Ministry of Industry said. The departure from the law, which dictates foreign-owned producers to only supply their products to the international market, is intended to help the country substitute its growing imports, which are valued at USD 14 billion dollars in the last fiscal year. “If producers want to sell their products to local suppliers, they are also required…