US Move to Ban Ethiopia from AGOA “Unacceptable”
Addis Ababa, October 12, 2021 (FBC) – Company owners and Employees of Hawassa Industrial Park approached by the media have said that the thought of the United States to ban Ethiopia from market access through the African Growth and Opportunity Act (AGOA) is unacceptable.
According to them if the US puts it into practice it really affects the many lives of factory workers in Ethiopia.
Nasa Garment Plc, having 1,400 employees, for instance, exports 98% of its products to the US through AGOA.
The owner of the company has said that America’s thought of ban comes into reality, apart from making his business and the employees out of work, it adversely affects Ethiopia’s economy by discouraging further foreign investment.
The employees and factory owners have therefore asked the United States to abandon its thought of putting a ban on Ethiopian products from getting access to US markets through AGOA.
They as well as have urged the Ethiopian Government to approach the US to re-consider the matter.
Housing, including renowned ones, 23 foreign and local manufacturing companies under its 52 shades, Hawassa Industrial Park is said to have created job opportunity for 35 thousand people.