Ethiopia Business
• Main exports: Coffee, qat, gold, leather products and oilseeds.
• Main imports: Food, petroleum and petroleum products, chemicals, machinery and textiles.
• Main trade partners: Saudi Arabia, Djibouti, USA, China and Italy.
Economy
Growth has been seriously affected by the fall in agriculture production due to the droughts in 2002 and 2003. However, sound macroeconomic policies and HIPC (Heavily Indebted Poor Country) debt relief, coupled with improved rains and harvest in 2004 helped agricultural production and economic growth. Coffee is the main export earner, and the collapse of world coffee prices hit Ethiopia hard.
Not surprisingly, Ethiopia relies on substantial quantities of food aid. The manufacturing and service sectors are both small. However, there is a bright prospect in the form of a large natural gas field, which promises substantial future revenues.
Business Etiquette
Office hours: Mon-Thurs 0830-1230 and 1330-1730; Fri 0830-1130 and 1330-1730.
Business Contacts
PO Box 255, Unity Square, Addis Ababa, Ethiopia
Tel: (11) 551 5004.
Website: www.combanketh.com
Addis Ababa Chamber of Commerce
PO Box 2458, Mexico Square, Addis Ababa, Ethiopia
Tel: (11) 551 5055.
Website: www.addischamber.com
Ethiopian Trade Promotions Section in the UK
17 Princes Gate, London SW7 1PZ, UK
Tel: (020) 7838 3870.
Website: www.ethioembassy.org.uk
United Nations Conference Centre (Information on Conferences/Conventions)
PO Box 3001, Addis Ababa, Ethiopia
Tel: (11) 551 4874 or 4945.
Website: www.un.org
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