Sunday, December 26, 2021

Free trade pact to cost Ethiopia 26 bln birr in revenue losses

 Ethiopia could lose up to 26 billion birr annually by putting into operation the African Continental Free Trade Area (AfCFTA), according to a document from the Ministry of Trade and Regional Integration. This includes Sur tax, withholding, excise, and VAT tax revenues generated from imports from African countries, which will be tariff free under the AfCFTA.

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