AGL 38.80 Decreased By ▼ -0.78 (-1.97%)
AIRLINK 129.25 Decreased By ▼ -1.97 (-1.5%)
BOP 7.04 Increased By ▲ 0.23 (3.38%)
CNERGY 4.61 Decreased By ▼ -0.10 (-2.12%)
DCL 8.41 Decreased By ▼ -0.03 (-0.36%)
DFML 40.90 Decreased By ▼ -0.57 (-1.37%)
DGKC 81.10 Decreased By ▼ -0.99 (-1.21%)
FCCL 32.68 Decreased By ▼ -0.42 (-1.27%)
FFBL 71.80 Decreased By ▼ -1.07 (-1.47%)
FFL 12.28 Increased By ▲ 0.02 (0.16%)
HUBC 109.65 Decreased By ▼ -1.09 (-0.98%)
HUMNL 14.04 Decreased By ▼ -0.47 (-3.24%)
KEL 5.08 Decreased By ▼ -0.11 (-2.12%)
KOSM 7.60 Decreased By ▼ -0.01 (-0.13%)
MLCF 38.30 Decreased By ▼ -0.60 (-1.54%)
NBP 68.40 Increased By ▲ 4.39 (6.86%)
OGDC 188.49 Decreased By ▼ -4.33 (-2.25%)
PAEL 25.20 Decreased By ▼ -0.48 (-1.87%)
PIBTL 7.43 Increased By ▲ 0.09 (1.23%)
PPL 149.30 Decreased By ▼ -4.77 (-3.1%)
PRL 25.37 Decreased By ▼ -0.46 (-1.78%)
PTC 17.25 Decreased By ▼ -0.56 (-3.14%)
SEARL 80.60 Decreased By ▼ -1.70 (-2.07%)
TELE 7.50 Decreased By ▼ -0.26 (-3.35%)
TOMCL 32.75 Decreased By ▼ -0.71 (-2.12%)
TPLP 8.27 Decreased By ▼ -0.22 (-2.59%)
TREET 16.83 Increased By ▲ 0.21 (1.26%)
TRG 57.31 Decreased By ▼ -0.09 (-0.16%)
UNITY 27.93 Increased By ▲ 0.42 (1.53%)
WTL 1.34 Decreased By ▼ -0.03 (-2.19%)
BR100 10,509 Increased By 4.5 (0.04%)
BR30 30,887 Decreased By -339.3 (-1.09%)
KSE100 98,196 Increased By 116.3 (0.12%)
KSE30 30,609 Increased By 50.1 (0.16%)

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.