WHEREAS, it is necessary to ensure economic development by accelerating industrial growth of the country and to improve the foreign exchange earning needed for development and investment;
WHEREAS, to achieve transformation into industry led economy, it is necessary to establish a system of reinforcing value creation in the process of production;
WHEREAS, it is essential to create conducive environment for domestic products to become competitive in international commodity markets by rendering efficient the scheme of incentives available for export trade through rectification of deficiencies noticeable in the scheme and by introducing new incentives having direct or indirect impact of motivating investors engaged in export trade;
NOW, THEREFORE, in accordance with Article 55 (1) and (11) of the Constitution of the Federal Democratic Republic of Ethiopia, it is hereby proclaimed as follows:
