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Bid to boost trade between Ethiopia, Kenya faces hurdles

Published on July 02, 2019

Kenya and Ethiopia are still struggling to conduct robust trade between them despite penning a number of bilateral agreements and instituting several trade-friendly measures. This is according to Foreign Affairs Chief Administrative Secretary Ababu Namwamba, who singled out non-tariff barriers for the current subdued bilateral trade. The barriers include long bureaucratic procedures, bans and sanctions. Another hindrance cited is a strict foreign currency regulatory regime by the National Bank of Ethiopia, which cuts across all the foreign nationals, especially those doing small enterprises. Read more. Source | Daily Nation

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