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Ethiopia Racing to join WTO Membership in 2026

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Ethiopia is actively engaging with the WTO to conclude its accession negotiations as early as 2026 and to implement its accession commitments.

In a statement,  WTO confirms : “As Ethiopia prepares for its 5th Working Party meeting in 2025, the Steering Committee agreed on an accession roadmap which outlines steps and timelines for concluding the negotiations, currently envisaged for 2026.

” Ethiopia is not a member of the WTO though Ethiopia’s gradual accession to the WTO has been underway since 2003. 

In August 2023, Ethiopian negotiators lined up a fifth working party meeting with WTO, tentatively set up for March or April 2024.

  However, Ethiopia then paused the process for eight years, primarily over concerns about liberalising its banking and telecom sectors.

In June 2019, Ethiopia’s Prime Minister, Abiy Ahmed, reactivated the process and formed a national committee of ten members to resume the accession procedure.

A high-level delegation from Ethiopia led by Kassahun Gofe Balami, Minister of Trade and Regional Integration and Chief Negotiator for WTO Accession, visited the WTO on 5-11 December to prepare for the reactivation of the country’s accession Working Party in early 2025.

The visit marked Ethiopia’s strong re-engagement in the accession process five years after the last Working Party meeting in January 2020. The visit began with a meeting between Minister Kassahun Gofe Balami and WTO Deputy Director-General Xiangchen Zhang on 5 December 2024.

Minister Kassahun Gofe Balami reaffirmed Ethiopia’s strong commitment to restarting and accelerating its WTO accession.

He underscores the recent progress in Ethiopia’s domestic economic reforms. He further expressed gratitude for the technical support provided by the WTO Secretariat and emphasized his Government’s needs for continued capacity-building, as a least-developed country (LDC).

The Minister also participated in the 9th Working Party Meeting of Uzbekistan on 5–6 December 2024. In his intervention at the meeting, he highlighted that Ethiopia shares Uzbekistan’s steadfast commitment to joining the WTO and noted the contribution of WTO accession to the diversification and liberalization of acceding economies.

The visit included briefing sessions on WTO Accession, jointly delivered by the World Bank and the WTO Secretariat on 9–10 December 2024.

Members of Ethiopia’s Steering Committee addressed the economic impact of WTO membership, key provisions and obligations across WTO Agreements, and specific issues in Ethiopia’s multilateral and bilateral accession negotiations.

The delegation recognized the significant benefits of WTO accession, including increased trade predictability, access to WTO instruments, and increased attractiveness of Ethiopia’s economy for foreign direct investment.

Photo Caption: Members of the Steering Committee: Ambassador Mesganu Arga Moach, State Minister of Foreign Affairs and Deputy Chief Negotiator on WTO Accession;  Yasmin Wohabrebbi Saeed, State Minister of Trade and Regional Integration; Eyob Tekalign Tolina, State Minister of Finance;  Belayihun Yirga Kifile, State Minister of Justice;  Debele Kabeta Hursa, Commissioner for Customs; Fikadu Digafie Huriso, Vice Governor of the  National Bank of Ethiopia; and Zeleke Temesgen Boru, Commissioner for Investment.

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International

Netherlands returns over 100 Benin Bronzes looted from Nigeria

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Nigeria has taken delivery from the Netherlands of 119 pieces of priceless “Benin Bronze” artefacts looted more than 120 years ago, the country’s museum commission and the Dutch embassy said June 18.

It is the latest return of artefacts to Africa, as pressure mounts on Western governments and institutions to hand back the spoils of colonial oppression.

“On this historic occasion it gives us great joy to finally welcome the return of 119 Benin Bronzes from the Netherlands,” said Mr Olugbile Holloway, director-general of Nigeria’s National Commission for Museums and Monuments.

“This represents the largest physical return to Nigeria and the people of Benin since the looting of the Benin Royal Palace by the British in 1897,” he said in a statement jointly issued with the Dutch embassy in Nigeria.

“The symbolism of this occasion cannot be overemphasised and what it means for the pride and dignity of not just the Benin people, but the whole of Nigeria,” added Mr Holloway.

The story of the Benin Bronzes is one of violence and tragedy. It began when nine British officers were killed on a trade mission to the then-independent kingdom of Benin, in the south of present-day Nigeria.

The British reaction was fierce. London deployed a military expedition to avenge its officers.

The troops killed several thousand locals and torched Benin’s capital city. They looted the royal palace, stealing hundreds of artworks, including the Benin Bronzes.

Most of the ornate bronzes were then sold to finance the expedition, auctioned off or sold to museums across Europe and the United States.

This was in 1897, and 128 years later, Nigeria is still negotiating the return of the bronzes around the world – with mixed results.

Dutch Ambassador for International Cultural Cooperation Dewi van de Weerd hailed Nigeria for persistently campaigning for the return of the cultural artefacts.

“We hope that this restitution is not the final chapter, but the foundation for further cooperation between Dutch and Nigerian museums,” said Ms van de Weerd in the joint statement.

Of the 119 objects, 113 were part of the Dutch State Collection, while the Rotterdam municipality returned the other six. The pieces will be officially handed over on June 21.

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Israeli Forces Bomb Iranian State TV During Live Broadcast (Video)

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The Israeli missiles has reportedly struck Iran’s state television headquarters on Monday while a live news broadcast was underway.

The development sent shockwaves through the studio and caused the immediate stoppage of the broadcast.

A viral video circulating on social media and reposted by Daily Iran Military shows the moment chaos erupted during a live transmission.

A visibly shaken female anchor was delivering the news when a thunderous explosion rattled the studio.Thick smoke and falling debris forced her to flee her desk mid-broadcast.

It was earlier reported that at least eight people were killed on Saturday night when Iranian aerial strikes on Israel.

The deceased included four children, with more than 200 others injured, according to Israel’s Foreign Ministry.

The barrage came in retaliation for Israel’s surprise strike early Friday on Iran’s nuclear programme.

According to Israeli officials, that operation killed several nuclear scientists and high-ranking military leaders.

Meanwhile, a fresh report by SBM Intelligence has warned that the conflict between Israel and Iran could lead to an increase in fuel prices in Nigeria.

The report attributed this to the fact that Nigeria still relies heavily on importing fuel to meet local demand.

Click the link below to watch the video:

https://www.facebook.com/share/v/1BfVW6i2gC

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International

BREAKING: All Passengers On Board Confirmed Dead As Another Aircraft Crashes In India [PHOTOS]

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The aircraft went down at approximately 5:30 AM in the rugged Himalayan region, known for its treacherous weather and difficult flying conditions.

All Passengers on Board confirmed Dead as another aircraft crashes in India, Just three days after the fatal Air India crash in Ahmedabad, India has been hit by another aviation tragedy.

A Bell 407 helicopter crashed early Sunday morning in Gaurikund, a remote area of Uttarakhand, killing all seven people on board, including the pilot.

The aircraft went down at approximately 5:30 AM in the rugged Himalayan region, known for its treacherous weather and difficult flying conditions.

According to preliminary reports from Indian media, the helicopter was carrying five adult passengers, one infant, and the pilot at the time of the crash.

Emergency response teams were quickly dispatched to the crash site to conduct recovery operations. As of now, authorities have not released the names of the victims, pending notification of their families.

The cause of the crash remains under investigation. Officials have not yet commented on whether mechanical failure, weather conditions, or other factors may have played a role.

Uttarakhand has a history of aviation accidents, with mountainous terrain and unpredictable climate frequently cited as challenges for pilots operating in the region.

Sunday’s incident adds to a week of national mourning and concern over air safety in India, following the Ahmedabad air disaster earlier this week.

Aviation authorities are expected to review safety protocols and initiate a thorough investigation into both incidents.

More details are expected to emerge as recovery efforts and investigations continue.

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