Examining The Regulation Of Ethiopias International Trade In Energy (challenges And Prospects)

In recent years, Ethiopia plans to develop its energy resources to generate revenue. Currently therncountry is earning a minimal amount of income from its energy export. However, the variousrnhydro-electric dam projects that the country is now engaging in indicate its plan of generatingrnmore revenue from the sector. Conversely, the country is also spending much on importing arnvariety of Energy products to stimulate its economy. Therefore the energy trade is becoming arnmajor area in which millions of funds are spent upon. This underscores the necessity for anrnefficient and modern regulatory framework that complies with international trade principles.rnLately, Ethiopia is in the process of acceding to the World Trade Organization, a multilateralrninternational trade regulatory institution, and one of the requirements of acceding to thernorganization is the need to reform national trade laws and practices to comply with internationalrntrade principles. This paper examines Ethiopia’s regulatory frameworks governing itsrninternational trade in energy and assesses its viability in the current global trade environment,rnand also identifies the prospects and challenges of the frameworks.

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