Why Ethiopia Needs Bitcoin – Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides

The United States’ recent decision to remove Ethiopia from the African Growth And Opportunity Act (AGOA) trade program is a significant and intentional blow to the Ethiopian people and economy.

The country exported around $3 billion worth of product in 2019 — removal from AGOA will cut out approximately half of Ethiopia’s exports to the U.S., which has been the country’s largest export market. According to a recent article in Foreign Policy, this removal will force over 200,000 people, 80% of whom are young women, to lose their jobs. Those most affected by this particular move made by the U.S. are the Ethiopian people, not the Ethiopian Government.