Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Dec 24, 2021

U.S. Terminates Duty-Free Trade Access to Ethiopia Over Conflict

Ethiopia's duty-free export access to the U.S. has been revoked by President Joe Biden due to its failure to meet the requirements, according to the White House. The action comes after 13 months of civil war in the country.

Ethiopia is disqualified from participation in the Africa Growth and Opportunity Act due to gross violations of human rights, the U.S. Trade Representative said when it notified Ethiopia in November. It said the ruling could be reversed if the Ethiopian government addressed those issues by Jan. 1, when the suspension takes effect.

Mali and Guinea also didn't meet the requirements to benefit from the preferential-trade agreement following coups in the two countries this year.

©2021 Bloomberg L.P.

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search