Ethiopia is a significant trading partner for Switzerland in East Africa. In 2024, the volume of trade amounted to CHF 77 million. Swiss exports to Ethiopia totalled CHF 23 million, comprising mainly energy, chemical and pharmaceutical products, while imports amounted to CHF 54 million, composed mainly of agricultural products and textiles. Around 30 companies with links to Switzerland have operations in the Ethiopian market.
In 2023, the double taxation agreement on income tax entered into force.
Ethiopia is currently implementing an ambitious macroeconomic reform programme, which is creating promising new opportunities for international investors.
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