AGOA – NEW OPPORTUNITY FOR THE SPICE AND HERBS SECTOR
Ethiopia offers numerous advantages to foreign investors interested in using Ethiopia as a springboard to reach the U.S. market. This is reflected in the recent growth of Ethiopia’s exports under African Growth and Opportunity Act (AGOA), particularly in the textiles and apparel sector. Taking advantage of the recently-renewed (AGOA) legislation up to 2025, Ethiopia developed a National AGOA Strategy and Action Plan 2019-2025.
As key partners in the strategy development process, ENTAG through the Ethiopian Spice Aromatic and Herbs Growers and Processors Association (ESAHGPA) made valuable contributions to ensure inclusion of spice and herbs on the list of products along with cut flower, edible oil (sesame) and coffee. This is believed to play a vital role in attracting more foreign and local investors to invest in the Ethiopian spice and herbs sector to exploit the 2.4 billion USD spice and herbs market using taking advantage of tax free AGOA.