Us Trade Agreements Ethiopia
The U.S. Embassy is working with the Ethiopian government to improve the business climate, create a level playing field for all investors and promote an entrepreneurial culture. Ethiopia is currently our 82nd largest trading partner, with a total of $1.8 billion (two verses) in merchandise trade in 2018. Exports of goods were $1.3 billion; Imports of goods amounted to $445 million. In 2018, the U.S. merchandise trade surplus with Ethiopia was $863 million, an increase of 47.4% over 2017. Ethiopia signed a treaty on friendly and economic relations with the United States in 1951, which was updated in 1994. Ethiopia does not have a bilateral trade or investment agreement with the United States. However, under the African Growth and Opportunity Act (AGOA), it is considered preferential access to the U.S. market. In 2015, Ethiopia was allowed to extend AGOA`s privilege for the next 10 years, until 2025. 2. Nationals and companies of one of the two High Contracting Parties enjoy effective protection on the territory of the other Contracting High Party in the event of exclusive use of inventions, trademarks and trade names, provided that the laws and regulations in force comply, if necessary, with registration and other formalities.
Since its inception, AGOA has helped increase bilateral trade between the United States and sub-Saharan Africa. In 2015, U.S. exports with AGOA countries totaled $17.5 billion, nearly three times as much as in 2002. Ethiopia is entitled to preferential commercial services under the African Growth and Opportunity Act (AGOA). U.S. exports to Ethiopia include airplanes, wheat, machinery, poor quality shipments and repaired products, as well as vegetables. U.S. imports from Ethiopia include coffee, olive seeds, textiles and clothing. The United States has signed a framework agreement on trade and investment with the Common Market for Eastern and Southern Africa, which includes Ethiopia. Two-way trade between the United States and Ethiopia totaled about $1.59 billion in 2019. The United States exported more than $1 billion to Ethiopia, making it the 78th largest export destination for the United States.
Exports were $743.8 million for transportation equipment, $78.16 million for agricultural products and $37.5 million for food producers. Imports from Ethiopia amounted to $572.39 million, with clothing products, agricultural products, re-imports and transportation equipment being the main categories.