Africa-Press – Ethiopia. Ethiopia and the Philippines emphasized the importance of further strengthening their relations in economy and finance.
Ethiopia’s Ambassador to South Korea and non-resident Ambassador to the Philippines, Dessie Dalkie, met with the Undersecretary of Finance of the Philippines, Jovez Z. Balbosa.
The two sides exchanged views on economic and financial cooperation and partnership between Ethiopia and the Philippines, according to Embassy of Ethiopia in Seoul, South Korea.
During the discussions, Ambassador Dessie Dalkie noted that Ethiopia and the Philippines have enhanced their diplomatic relations, which date back to 1960.
Ambassador Dessie underscores the importance of further strengthening their relations in economy and finance.
He also urged the undersecretary to encourage Philippines investors to look into investment potentials in Ethiopia.
Additionally, ambassador Dessie pledged to collaborate to enhance investment, trade, and the exchange of expertise in the economic and financial sectors between the two nations.
Hence, the Ambassador urged the establishment of a memorandum of understanding between the two nations, with a particular focus on avoiding double taxation to facilitate and enhance economic and financial cooperation.
Jovez Z. Balbosa, on his part, stated that the Philippines also seek to further strengthen its financial and economic relations with Ethiopia.
In addition to trade and investment, workforce exchange between the two nations could also be an area of cooperation, as the undersecretary explained.
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