Africa-Press – Ethiopia. The business consultation forum is being convened by Ethiopia and Pakistan in Addis Ababa to bolster bilateral relations and enhance trade and economic ties between the two counties.
The forum brought together more than 80 Pakistani businessmen and representatives from the Pakistan Chamber of Commerce as well as owners of renowned companies.
Ethiopian Minister of Trade and Regional Integration, Gebremeskel Chala, senior officials from various government institutions are also participating at the forum.
Speaking at the opening session of the forum, State Minister of Foreign Affairs, Birtukan Ayano said this forum will play a significant role in enhancing economic partnership and strengthening relations between Ethiopia and Pakistan.
“I’m confident that this forum will be an ideal platform for promoting and deepening economic cooperation between our two nations and presenting business and investment opportunities for the business community,” the state minister said.
Noting that Ethiopia and Pakistan have long-standing relationships in multifaceted spheres, Birtukan said, adding that this forum will further consolidate business to business relations.
Moreover, she elaborated that economic relationships between the two nations have been recently on an upward trajectory.
For her, the previous engagements in various spheres between Ethiopia and Pakistan have been crucial for strengthening bilateral relations between the two countries. Birtukan also revealed these would be also indispensable to create an enabling environment for the business communities to exploit business opportunities.
In addition to this, Ethiopian Airlines flight from Addis Ababa to Karachi is playing a significant role in connecting Pakistan with Africa, specifically in strengthening the two countries economic and the people to people relations, the state minister indicated.
Explaining the conducive investment climate and the steadily growing demands of Foreign Direct Investment (FDI), she said, assuring that there is an immense opportunity to invest in Ethiopia as investment has been prioritized in the nation’s second-phase Homegrown Economy Reform program,which has been implemented.
Pakistan Trade and Development Authority Chief Executive, Muhammed Zubair said on his part the delegation comprises about more than 40 percent people who have now come here again to Ethiopia, made the same visit last year to explore Ethiopia’s business opportunities.
Those investors are convinced that Ethiopia is a preferable and important country for their business and investment, the chief executive underscored.
He said they are here for a serious business and will be participating in all those meetings and engagements here in Ethiopia.
The delegation, comprising 80 Pakistani investors and owners of renowned companies, are also expected to visit Bole Lami, Kilinto, and Adama Industrial Parks.
For More News And Analysis About Ethiopia Follow Africa-Press
