House of Peoples' Representatives Approves Customs Amendment Proclamation

The House of Peoples' Representatives approved a draft proclamation to amend the customs proclamation during its 24th regular meeting.

The meeting held in Addis Ababa heard that the draft proclamation will strengthen efforts to prevent contraband trade. The committee stated that the proclamation aligns with international agreements Ethiopia has signed and will ensure fairness in customs operations. The draft also supports the growth of the manufacturing industry and encourages investment. After extensive discussion the House approved the proclamation by majority vote as Proclamation Number 1425/2018.

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Prime Minister Abiy Ahmed inaugurates the 4th Ethiopia Tamar Expo amid cheers, highlighting $10B export record.
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Prime Minister Abiy inaugurates fourth Ethiopia Tamar expo

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Prime Minister Abiy Ahmed (Dr.) inaugurated the fourth Ethiopia Tamar expo today. He stated Ethiopia achieved $10 billion in export revenue for the first time in history this year. Industry Minister Melaku Alebel said the manufacturing sector is the center of national sovereignty.

The House of Peoples' Representatives approved the draft proclamation for Ethiopia's carbon market in its session today.

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The Ethiopian Customs Commission announced it saved 380 billion Birr that the country risked losing to contraband and trade fraud in the 2018 budget year. Commissioner Dr. Debele Qabeta credited technology and reforms for the result.

The Addis Ababa City Administration cabinet has approved a draft budget of 502.27 billion birr for the 2026/27 fiscal year and sent it to the City Council. The proposal marks a 43.45 percent increase from the previous year's 350.13 billion birr budget.

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The National Bank of Ethiopia announced changes on 25 May 2026 allowing banks to approve letters of credit without prior central bank approval for certain clients.

The Prosperity Party government is carrying out massive economic activities to maintain Ethiopia on a fast growth path and ensure broad public benefits.

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The Council of Ministers approved a 2.34 trillion birr draft federal budget for the 2026/27 fiscal year during its 56th regular session. The proposal represents a 21.2 percent increase from the previous year's budget and has been sent to the House of Peoples’ Representatives for final approval.

 

 

 

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