AGL 38.99 Decreased By ▼ -0.59 (-1.49%)
AIRLINK 130.02 Decreased By ▼ -1.20 (-0.91%)
BOP 7.10 Increased By ▲ 0.29 (4.26%)
CNERGY 4.63 Decreased By ▼ -0.08 (-1.7%)
DCL 8.41 Decreased By ▼ -0.03 (-0.36%)
DFML 41.03 Decreased By ▼ -0.44 (-1.06%)
DGKC 81.99 Decreased By ▼ -0.10 (-0.12%)
FCCL 32.70 Decreased By ▼ -0.40 (-1.21%)
FFBL 72.60 Decreased By ▼ -0.27 (-0.37%)
FFL 12.35 Increased By ▲ 0.09 (0.73%)
HUBC 109.91 Decreased By ▼ -0.83 (-0.75%)
HUMNL 14.09 Decreased By ▼ -0.42 (-2.89%)
KEL 5.09 Decreased By ▼ -0.10 (-1.93%)
KOSM 7.67 Increased By ▲ 0.06 (0.79%)
MLCF 38.60 Decreased By ▼ -0.30 (-0.77%)
NBP 69.50 Increased By ▲ 5.49 (8.58%)
OGDC 190.00 Decreased By ▼ -2.82 (-1.46%)
PAEL 25.55 Decreased By ▼ -0.13 (-0.51%)
PIBTL 7.44 Increased By ▲ 0.10 (1.36%)
PPL 151.50 Decreased By ▼ -2.57 (-1.67%)
PRL 25.52 Decreased By ▼ -0.31 (-1.2%)
PTC 17.35 Decreased By ▼ -0.46 (-2.58%)
SEARL 81.33 Decreased By ▼ -0.97 (-1.18%)
TELE 7.62 Decreased By ▼ -0.14 (-1.8%)
TOMCL 33.00 Decreased By ▼ -0.46 (-1.37%)
TPLP 8.38 Decreased By ▼ -0.11 (-1.3%)
TREET 16.95 Increased By ▲ 0.33 (1.99%)
TRG 57.90 Increased By ▲ 0.50 (0.87%)
UNITY 28.05 Increased By ▲ 0.54 (1.96%)
WTL 1.35 Decreased By ▼ -0.02 (-1.46%)
BR100 10,595 Increased By 90.2 (0.86%)
BR30 31,076 Decreased By -150.1 (-0.48%)
KSE100 98,742 Increased By 662.7 (0.68%)
KSE30 30,803 Increased By 244.1 (0.8%)

Ethiopia and British charity Oxfam on Thursday accused Starbucks of stopping the Horn of Africa country from trademarking its coffee, denying farmers potential income of about 50 million pounds ($94.22 million).
Oxfam said the US coffee shop giant, which had turnover of $7.8 billion in the year to October 1, prevented Ethiopia from securing trademark protection for two of its best-known beans, Sidamo and Harar.
If Ethiopia, one of the world's poorest countries, been successful, it would have allowed the country to control the use of the beans in the market, giving its farmers more of the retail price and securing an estimated extra 48 million pounds, the charity said.
"Securing the trademark for its Sidamo, Harar and Yirgacheffe coffee beans could have allowed the country to increase its negotiation leverage through control of the names and ultimately drive a greater share of the retail price in the global market," Ethiopia's Foreign Ministry said in a statement. Starbucks denied being behind the blocking bid by the US National Coffee Association (NCA) at the US Patent and Trademark Office (USPTO).

Copyright Reuters, 2006

Comments

Comments are closed.