Ethiopia has secured over 1 billion USD from gold exports in the last five months, a development attributed to the recent macroeconomic reforms, according to the Ministry of Trade and Regional Integration.

The third National Anti-Illicit Trade Summit, organized by the Ethiopian Chamber of Commerce and Sectoral Associations, was held in Addis Ababa today.

Opening the summit, Minister of Trade and Regional Integration Kassahun Gofe highlighted the significant endeavors which are being undertaken by the government to control contraband and illicit trading.

During the past five months especially following the execution of the macroeconomic reform, massive regulatory measures have been undertaken in collaboration with regional states and trade structures at all levels, the minister affirmed.

For the minister, due to the collaborative works among pertinent stakeholders, encouraging achievements registered during the stated period

Accordingly, the inflation rate of food-related goods reduced to 19.2 percent from 29.2 percent before the reforms, as a result the measures taken by the government.