By Eyasu Zekarias
Ethiopia pulses, oilseeds and spices processors exporters association reveal that Ethiopia being a member of BRICS will catapult their export business economics.
BRICS, which is an intergovernmental organization comprised of Brazil, Russia, India, China, and South Africa, with Ethiopia recently being placed in the mix, is expected to propel the country’s fortunes to greater heights.
As a result of the solidified bloc partnership, the Ethiopia pulses, oilseeds and spices processors exporters association have disclosed that, “Ethiopia joining BRICS will enable them to export their products to China and India in a better way.”
This announcement was made in the wake of the organization of the 12th International pulses and oilseeds grains Conference, and depicted BRICS as a pivotal piece in its business matrix.
According to the association, grain and oilseeds made up 82% of Ethiopia’s agricultural exports in the fiscal year 2022/23, for a total of 571 million dollars.
In the 2022/23 fiscal year, 147,205 tons of oilseeds were exported, earning 253,344,754 US dollars. As the association reported, 377,261 tons of grain products were exported and earning about $310,568,278.
The association announced that it has organized the 12th International Cereals and Oilseeds Conference on November 21 and 22, 2023. It is expected that more than 400 exporters and suppliers from over 100 international buyers will attend the event.
The conference is said to create a platform for business ties by connecting international buyers, agricultural product input suppliers, high government institutions and various service providers in one space, whilst also creating an opportunity to establish new business relationships.
