Ethiopia: The Ethiopian Government Lifts Foreign Exchange Permit Requirements for Food Commodity Imports through Franco-Valuta

  |   Attaché Report (GAIN)   |   ET2022-0016

On April 8, 2022, the Government of Ethiopia (GOE) passed a directive allowing franco-valuta imports of essential food commodities without foreign exchange permits. With the new decision, the GOE lifted the foreign exchange permit conditions imposed previously — a minimum import threshold of $250,000 and verification of the source of foreign currency with the National Bank of Ethiopia. The food commodities approved for direct importation through the franco-valuta scheme are wheat, rice, sugar, edible oils, and instant baby milk. The GOE removed the foreign exchange permit requirements for franco-valuta imports amidst a shortage of essential food commodities and rising inflation in the country.

Related Reports

Chinese buyers are traveling back to the United States and showing strong interest in U.S. products. Since the reopening of China to travel, four delegations have participation in reverse trade missions to the United States with many others traveling...
Attaché Report (GAIN)

China: Overview of the PRC Draft Food Security Law

The People’s Republic of China (PRC) is in the process of drafting a “PRC Food Security Protection Law” with the stated purposes of safeguarding the nation’s grain supply, ensuring domestic food security, and protecting the PRC's economic and social...
Attaché Report (GAIN)

Thailand: Grain and Feed Update

Post increased the MY2023/23 rice production forecast to 19.9 MMT to reflect greater water availability than previously projected for the MY2023/24 off-season rice crop. The forecasts for MY2023/24 corn production and imports and MY2023/24 wheat...