Ethiopia, April 26 -- Addis Ababa, April 26, 2024(Addis Walta) The Council of Ministers has approved regulations and policies, and referred a proclamation to the House of People's Representatives.

The first bill discussed was a proclamation on improving the export tax incentive with the view to increasing foreign currency earnings needed for industrial development and investment, according to the Office of the Prime Minister.

It also aimed to overcome the limitations seen in encouraging investors engaged in export business and to improve competitiveness by establishing a system that encourages the actors in the sector, it was learned.

The council unanimously referred the draft proclamation to the House of People's Representatives for a...