National Bank of Ethiopia (NBE) has officially authorized all licensed commercial banks to issue export permits for goods destined for the People’s Republic of China.
The landmark decision, announced via a public notice today, May 26, 2026, removes a long-standing restriction that previously required all China-bound export permits to be processed exclusively through the Commercial Bank of Ethiopia (CBE).
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NBE Eases Export Rules for China Trade
This reform is part of Ethiopia’s broader strategy to liberalize trade finance and make exporting easier and faster. According to the NBE, the move is aimed at:
- Streamlining the foreign trade sector
- Enhancing the competitiveness of Ethiopian exporters
- Creating a more business-friendly environment
- Reducing bureaucratic bottlenecks in export documentation
The change stems from the existing economic and financial cooperation agreement between Ethiopia and China. Previously, under Ref. No. ባውምዳ/097/099, all export permits for China were routed only through CBE.
Effective immediately (May 26, 2026), all licensed commercial banks across Ethiopia can now:
- Issue export permits for goods going to China
- Manage documentary credits
- Handle all related banking transactions
Banks are expected to provide these services efficiently while complying with existing foreign exchange and export regulations.
What This Means for Exporters
This latest policy shift is expected to significantly reduce processing times and costs for Ethiopian businesses exporting to China, one of Ethiopia’s largest trading partners. Exporters will now have more flexibility to work with their preferred commercial banks instead of being restricted to a single institution.
The reform aligns with the Ethiopian government’s ongoing efforts to modernize the trade and foreign exchange regime, following previous measures such as easing foreign exchange controls and improving letter of credit processes.
Boost for Ethiopia-China Trade Relations
China remains a critical market for Ethiopian exports, particularly in sectors such as coffee, oilseeds, horticulture, textiles, and leather products. This policy is likely to further strengthen bilateral trade ties and encourage more Ethiopian businesses to tap into the Chinese market.
Official Source: National Bank of Ethiopia Public Notice
