Japan will completely suspends Imports of 38 items at the end of November to Ethiopia.
n Ethiopia, the issuance of L/Cs (letters of credit) for the import of 38 items has been suspended from October 17, 2022 due to a decrease in foreign exchange reserves (see article on October 17, 2022 ) . , imports using previously issued L/Cs continue.
Meanwhile, according to the Reporter newspaper dated November 4, 2023, the Ethiopian Customs Commission issued a letter to all customs branches on November 1, signed by Chairman Debele Kabeta, stating that the There is a one-month grace period to complete the imports that have not yet been completed.'' As a result, imports of 38 items will be completely suspended by the end of November 2023, and it is expected that no company will be able to import the 38 items from December onwards.
The 38 items include automobiles, motorcycles, and prepared foods, and there are concerns about soaring domestic prices and shortages of these items.
(Yasuhiro Nakayama)
