Business forum in Ethiopia woos investors

Prime focus of foreign policy of Ethiopia was to attract FDI and boost exports through trade and technology

ISLAMABAD:

A productive Ethio-Pakistan Business Forum was held in Addis Ababa on Monday in the presence of more than 500 businesspersons from diverse sectors including agriculture and agro-processing, manufacturing, mining, tourism and information and communication technology (ICT).

Key ministers from the government of Ethiopia including Ambassador Birtukan Ayano, State Minister of Foreign Affairs, Gebremeskel Chala, Minister of Trade and Regional Integration, and Aklilu Tadesse, CEO of Industrial Parks attended the forum. Addressing the forum, Ambassador Birtukan Ayano said the Ethio-Pakistan Business Forum would be instrumental in giving first-hand information to the business community of Pakistan on trade and investment opportunities in Ethiopia.

She said the prime focus of the foreign policy of Ethiopia was to attract foreign direct investment and boost exports through trade and technology transfer from brotherly countries.

She pointed out that Ethiopia and Pakistan had enjoyed longstanding relations that had been flourishing with increased cooperation in economy, healthcare and education.

Ethiopian Minister of Trade and Regional Integration said the Ethiopian government was committed to economic development and making extensive efforts to attract foreign investment into the African nation. He highlighted the homegrown Economic Agenda 2.0 under which multiple initiatives were taken to facilitate and incentivise the business, trade and investment.

Published in The Express Tribune, May 28^th, 2024.

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