Free Trade Zone: A New Engine for Economic Growth and Development in Ethiopia

Free Trade Zone: A New Engine for Economic Growth and Development in Ethiopia

The Ethio-Djibouti corridor isn’t the only area receiving attention for economic development. A second workshop, held on November 3, 2023, focused on the exciting potential of free trade zones (FTZs) in Ethiopia.

This workshop brought together stakeholders to discuss how FTZs can attract investment, boost economic activity, and create jobs. Key topics included:

  • Regulatory Frameworks: Creating clear and efficient regulations to make FTZs attractive to businesses.
  • Logistical Support: Ensuring FTZs have the infrastructure and services needed for smooth operation.
  • Communication Strategies: Highlighting the advantages of FTZs to potential investors and businesses.

The workshop aimed to:

  • Educate participants on FTZs and their functionalities.
  • Explore the potential benefits FTZs can bring to Ethiopia’s economic growth.
  • Identify challenges associated with developing and operating FTZs in Ethiopia.
  • Foster collaboration between the government, businesses, and other stakeholders to maximize the success of FTZs.

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