Report on the Implementation of the Investment Policy Review of Ethiopia
In 2009, the Government of Ethiopia requested UNCTAD to assess progress made in implementing the recommendations set out in the IPR.
Overall, the report showed that investors have expressed satisfaction with the measures taken by the Government of Ethiopia to improve the regulatory environment for foreign investment since the publication of the IPR. The report notably noted that an Industrial Strategy was launched in August 2003. The strategy included a number of measures to boost the development of three main sectors where it is believed that Ethiopia has comparative advantages: (a) textile and garments, (b) meat leather and leather products, and (c) agro-industry. In other areas analysed in the IPR, however, implementation progress is mixed, thus suggesting room for further growth in FDI inflows.