Tariff free trade launch program was held at Bole Lemi Industrial Park for investors engaged in industrial parks to supply their products to the UK tariff-free market, according to Industrial Parks Development Corporation(IPDC).
The inauguration program was held to allow manufacturers from developing countries to supply their products to the UK market tariff-free.
Nigel Huddleston of the United Kingdom Ministry of Commerce, who was present at the opening of the program, said that the trade program for developing countries will start in 65 countries of the world and 37 of which are African countries.
He added that it will help the manufacturers engaged in the production of garment, textiles and other manufacturing sectors in Ethiopia to supply their products to the UK market tariff free.
CEO of IPDC, Aklilu Tadesse said that the corporation has been searching for market options in cooperation with other stakeholders to address the market problems faced by investors working in industrial parks in connection with the cancellation of AGOA.
This opportunity is a demonstration of the results of the work done to facilitate a comfortable environment for investors to continue with their engagement and also get other market destinations which are in the process, he added.
Source: Ethiopian News Agency