Tuesday 8 February 2011

Ethiopia aims to join WTO without opening up sectors


By Aaron Maasho
ADDIS ABABA (Reuters) - Ethiopia said on Tuesday it expected to gain entry to the World Trade Organisation soon without giving way to foreign demands that it open up its banking and telecoms sectors.
Analysts say the Horn of Africa country's hopes for WTO membership hinge on calls for Addis Ababa to open those areas to international competition, in a country where most people have no telephone or bank accounts.
U.S. officials have publicly asked Ethiopia to liberalise both sectors, seen as a stumbling block to Ethiopia's efforts for accession to the WTO since 2003 -- which could help boost investor confidence, enticing foreign cash and know-how.Read More

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