海外发展研究所-埃塞俄比亚和AfCFTA的投资条款:问题和挑战(英)-2022.12-36页
Supporting Investment and Trade in AfricaEthiopia and investment provisions in AfCFTA: issues and challenges Alemayehu Geda and Guta Legesse, with inputs from Yohannes Ayeleand Martha BeleteDecember 2022Key messagesCommitments to investment in the African Continental Free Trade Area (AfCFTA)can help to attract foreign direct investment (FDI), which has various benefits for theEthiopian economy. FDI can help catalyse domestic investment, lead to transfer oftechnology and managerial skills, and create jobs and reduce poverty.However, there are challenges. One, synchronising national investment laws. Two,the proper implementation of laws. Three, the lack of a stable political andmacroeconomic environment. Four, the costs of doing business in Ethiopia. As such,this report suggests possible actions for the Government of Ethiopia and othersaround AfCFTA and Investment Issues to overcome these challenges.1 Table of contents. 1Acknowledgements. 3List of acronyms. 4Executive summary. 51. Introduction. 92. Background on investment and investment policy in Ethiopia . 102.1. Recent FDI performance . 102.2. National investment policy, laws and FDI promotion. 132.3. International investment-related obligations. 163. The AfCFTA Investment Protocol: status, issues and expected impacts . 193.1. Status and negotiation issues. 193.2. Expected impacts for Ethiopia: broad view, industrialisation. 244. Interactions between AfCFTA provisions and domestic law . 274.1. Points of convergence. 274.2. Points of divergence. 285. Conclusions: priority actions and support measures. 32References . 352 AcknowledgementsThis briefing has been prepared by Alemayehu Geda and Guta Legesse (Addis AbabaUniversity), with inputs from Yohannes Ayele (ODI) and Martha Belete (Addis AbabaUniversity) and coordination by Dirk Willem te Velde (ODI). We are grateful to the UKDepartment for International Trade staff in Addis Ababa, Melaku Desta, Fikremarkos Merso,Government of Ethiopia staff and a number of companies that invested in Ethiopia for insightfuldiscussions and suggestions.The briefing has been funded under the Rapid Research Window, as part of the SupportingInvestment and Trade in Africa programme, funded by the UK Foreign, Commonwealth andDevelopment Office (FCDO). All views provided are those of the authors and not theresponsibility of ODI or UK FCDO.3 List of acronymsAfCFTAAPHAAUAfrican Continental Free Trade AreaAnimal and Plant Health AgencyAfrican UnionBITBilateral Investment TreatyCOMESADEFRAEICFCDOFDICommon Market for Eastern and Southern AfricaDepartment for Environment, Food & Rural AffairsEthiopian Investment CommissionForeign, Commonwealth and Development Officeforeign Direct InvestmentFDREFETFederal Democratic Republic of EthiopiaFair and Equitable TreatmentGDPGFCFIGADMFNNBEGross Domestic ProductGross Fixed Capital FormationIntergovernmental Authority on DevelopmentMost-Favoured NationNational Bank of EthiopiaPAICRECSEZPan-African Investment CodeRegional Economic CommunitySpecial Economic ZoneSIVEPUAEService dinspection vtrinaire et phytosanitaire aux frontiresUnited Arab EmiratesUKUnited KingdomUNCITRAL United Nations Commission on International Trade LawUNCTADUNECAUSUnited Nations Conference on Trade and DevelopmentUnited Nations Economic Commission for AfricaUnited StatesWTOWorld
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19.9
金贝
- 关 键 词:
-
海外
发展
研究所
埃塞俄比亚
AfCFTA
投资
条款
问题
挑战
2022
- 资源描述:
-
Supporting Investment and Trade in Africa
Ethiopia and investment provisions
in AfCFTA: issues and challenges
Alemayehu Geda and Guta Legesse, with inputs from Yohannes Ayele
and Martha Belete
December 2022
Key messages
Commitments to investment in the African Continental Free Trade Area (AfCFTA)
can help to attract foreign direct investment (FDI), which has various benefits for the
Ethiopian economy. FDI can help catalyse domestic investment, lead to transfer of
technology and managerial skills, and create jobs and reduce poverty.
However, there are challenges. One, synchronising national investment laws. Two,
the proper implementation of laws. Three, the lack of a stable political and
macroeconomic environment. Four, the costs of doing business in Ethiopia. As such,
this report suggests possible actions for the Government of Ethiopia and others
around AfCFTA and Investment Issues to overcome these challenges.
1
Table of contents
.......................................................................................................................................... 1
Acknowledgements............................................................................................................... 3
List of acronyms.................................................................................................................... 4
Executive summary............................................................................................................... 5
1. Introduction....................................................................................................................... 9
2. Background on investment and investment policy in Ethiopia ......................................... 10
2.1. Recent FDI performance .......................................................................................... 10
2.2. National investment policy, laws and FDI promotion................................................. 13
2.3. International investment-related obligations.............................................................. 16
3. The AfCFTA Investment Protocol: status, issues and expected impacts ......................... 19
3.1. Status and negotiation issues................................................................................... 19
3.2. Expected impacts for Ethiopia: broad view, industrialisation..................................... 24
4. Interactions between AfCFTA provisions and domestic law ............................................ 27
4.1. Points of convergence.............................................................................................. 27
4.2. Points of divergence................................................................................................. 28
5. Conclusions: priority actions and support measures........................................................ 32
References ......................................................................................................................... 35
2
Acknowledgements
This briefing has been prepared by Alemayehu Geda and Guta Legesse (Addis Ababa
University), with inputs from Yohannes Ayele (ODI) and Martha Belete (Addis Ababa
University) and coordination by Dirk Willem te Velde (ODI). We are grateful to the UK
Department for International Trade staff in Addis Ababa, Melaku Desta, Fikremarkos Merso,
Government of Ethiopia staff and a number of companies that invested in Ethiopia for insightful
discussions and suggestions.
The briefing has been funded under the Rapid Research Window, as part of the Supporting
Investment and Trade in Africa programme, funded by the UK Foreign, Commonwealth and
Development Office (FCDO). All views provided are those of the authors and not the
responsibility of ODI or UK FCDO.
3
List of acronyms
AfCFTA
APHA
AU
African Continental Free Trade Area
Animal and Plant Health Agency
African Union
BIT
Bilateral Investment Treaty
COMESA
DEFRA
EIC
FCDO
FDI
Common Market for Eastern and Southern Africa
Department for Environment, Food & Rural Affairs
Ethiopian Investment Commission
Foreign, Commonwealth and Development Office
foreign Direct Investment
FDRE
FET
Federal Democratic Republic of Ethiopia
Fair and Equitable Treatment
GDP
GFCF
IGAD
MFN
NBE
Gross Domestic Product
Gross Fixed Capital Formation
Intergovernmental Authority on Development
Most-Favoured Nation
National Bank of Ethiopia
PAIC
REC
SEZ
Pan-African Investment Code
Regional Economic Community
Special Economic Zone
SIVEP
UAE
Service d'inspection vétérinaire et phytosanitaire aux frontières
United Arab Emirates
UK
United Kingdom
UNCITRAL United Nations Commission on International Trade Law
UNCTAD
UNECA
US
United Nations Conference on Trade and Development
United Nations Economic Commission for Africa
United States
WTO
World
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