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Ethiopia is relatively open to international trade, with a rate of 31.2% of foreign trade (World Bank, 2018). It is a member of IGAD and COMESA (but has not joined the free trade area) and has been a member of the WTO since March 2003. As part of this process, the government is restructuring tariffs. In order to rationalise investment opportunities, it introduced lower tariffs on raw materials and semi-finished products. Ethiopia has also recently signed the African Continental Free Trade Agreement and established special economic zones that offer investors tax incentives and tariff exemptions. The country mainly exports coffee, pulses, gold, meat and production products. The main imported products are oil, vehicles, medicines, fertilizers, palm oil and airplanes.

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