Highlights
While the IPR focused on investment policy, it also paid special attention to local technological development and innovation. The report reviewed the country´s strategy for agricultural development, specifically the potential for improving productivity and attracting investment into the leather and leather products industry through technological changes and innovation. The analysis focused on the value chains in the production of leather-related goods, the strengths and weaknesses of the leather goods production system in Ethiopia and the policies and institutions supporting the sub-sector. Recommended actions included:
- Mapping out core competencies and assessing the strengths and weaknesses of the economy and the growth opportunities available at the national, local and firm levels.
- Identifying sectors or clusters of activities where competitive advantages already exist and where new ones can be developed.
- Formulating policies and incentive schemes that target sectors or activities identified as priority investment areas and that foster linkages between foreign direct investment and local enterprises.
Follow-up activities
Since the IPR was published, UNCTAD has assisted the government in a number of ways
- It prepared a strategy for the promotion of the industrial mining sector.
- It produced an Investment Guide to Ethiopia.
- It assisted the Ethiopian Investment Authority to better facilitate investment and coordinate services provided to investors at both the federal and regional level by setting up an effective facilitation and aftercare service (with funding from the Government of the Netherlands).
- It helped improve the capacity of the Federal Government of Ethiopia to carry out targeted investment promotion (with funding from the Government of the Netherlands).
- It strengthened regional investment offices to facilitate new businesses and target sector specific investment in order to ensure that more foreign direct investment goes to the regions (with funding from the Government of the Netherlands).
- It provided assistance through its Good Governance in Investment Programme, which promotes efficiency and transparency in investment institutions, and which led to the development of a client charter for the Ethiopian Investment Authority and customer service training for its staff.
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