Ethiopia: Buying and Selling
Member of Common Market for Eastern and Souther Africa (COMESA)
Member of Intergovernmental Authority on Development (IGAD)
Importers face difficulty in obtaining foreign exchange, particularly those that import goods for domestic sale. The National Bank of Ethiopia (NBE) has put in place a strict foreign currency control regime and must approve all foreign currency transactions. While larger firms, State-owned enterprises, and manufacturing industries have not faced major problems in obtaining foreign exchange, the remaining firms face burdensome delays in arranging trade-related payments. An importer must apply for an import permit and obtain a letter of credit for the total value of the imports before an order can be placed.
Medicines, medical supplies, and medical equipment must be registered with the Food, Medicine and Health Care Administration & Control Authority of Ethiopia (FMHCA). A Certificate of Analysis (COA) is also required for processed food and pharmaceuticals.
Plants or plant products, including seeds, agricultural inputs such as chemicals, pesticides and fertilizers cannot be imported in Ethiopia unless registered and duly authorized for import by the Ministry of Agriculture.
To go further, check out our service Import controls and Export Controls.
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Latest Update: April 2024