Examining the Regulation of Ethiopia's International Trade in Energy (Challenges and Prospects)
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Date
2020-09
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A.A.U
Abstract
In recent years, Ethiopia plans to develop its energy resources to generate revenue. Currently the
country is earning a minimal amount of income from its energy export. However, the various
hydro-electric dam projects that the country is now engaging in indicate its plan of generating
more revenue from the sector. Conversely, the country is also spending much on importing a
variety of Energy products to stimulate its economy. Therefore the energy trade is becoming a
major area in which millions of funds are spent upon. This underscores the necessity for an
efficient and modern regulatory framework that complies with international trade principles.
Lately, Ethiopia is in the process of acceding to the World Trade Organization, a multilateral
international trade regulatory institution, and one of the requirements of acceding to the
organization is the need to reform national trade laws and practices to comply with international
trade principles. This paper examines Ethiopia’s regulatory frameworks governing its
international trade in energy and assesses its viability in the current global trade environment,
and also identifies the prospects and challenges of the frameworks.
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In recent years, Ethiopia plans