EDITOR’S NOTE: Most of the exporting is being done by companies that are owned by the Meles crime family, including his wife Azeb Mesfin. The money stays in the U.S. and Ethiopia gets no benefit.
ADDIS ABABA, ETHIOPIA (Reuters) – Ethiopian tax-free exports to the United States more than doubled to $18 million last year from $8.9 million in 2007, the U.S. Agency for International Development (USAID) said on Wednesday.
“Ethiopia is one of the few African countries to show such steady, marked increase under the African Growth and Opportunity Act (AGOA),” the agency said in a statement.
The textile and garments sector accounted for the most exports, increasing to $9.3 million from $4.5 million in 2007. Other sectors that benefitted under AGOA included agricultural products, minerals and metals, the USAID statement said.
It said total Ethiopian exports to the United States rose 172 percent to $152 million last year from $86 million in 2007.
Many sub-Saharan African countries are eligible under AGOA to export goods to the United States without paying duties. Congress approved the programme in May 2000 in a bid to spur economic growth in one of the world’s poorest regions.
6 thoughts on “Ethiopia’s export to the U.S. rose to $152 million”
Why do they call it Ethiopia’s export instead of weyane’s export? The Bush administration approved the tax free export to it’s most loyal modern day slaves only.
This is peanuts.
It is so pathetic, a measly 150 million for a population of 80 million and all of it raw material. My friends the money is in converting raw into finished product, we grow it someone else realises the lions share of the profit. On the other hand we are no 1 in exporting people who in turn send their hard earned money so woyane can steal it and buy guns to kill us and invest in the west. Thus our remitance from outside is 1.2 billion and stupid meles can only export 150 million wow i am impressed and they shout look at us our export is growing stupid morons impressed by nickel and dimes while the dollar is sitting at arms length. the story should be we could do so much better without this pea brain woyane and take matters in our hands, unfortunately most of you my friends are castrated and waste your time fighting each other instead of the common enemy. go ahead blame everyone else except yourself. have a nice day and think!
Anything exported is now no benfit to the Ethiopian people.
Foreign currency is the private proerty of Meles. Meles’s government encourages flower farms for export rather than increasing food production for the poor to eat 3 times a day. Any sane government will encourage the production of more wheat,teff sorgum pees, beans, sugar and edible oil for the population. That is how you fight inflation too. But the people’s priority is not TPLF’s priority.
The people can go to hell and eat stone as long as Meles gets his foreign currency in dollars. Removing this cancerous government by any means possible is the only solution for Ethiopians to eat 3 times a day.
Who will be next?
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Wedesh ketedefash birgtush aykfash