{"id":27060,"date":"2024-03-09T22:39:06","date_gmt":"2024-03-09T22:39:06","guid":{"rendered":"https:\/\/www.africa-press.net\/ethiopia\/all-news\/envoy-urges-pakistani-businesses-to-seize-investment-opportunities-in-ethiopia"},"modified":"2024-03-09T23:53:04","modified_gmt":"2024-03-09T23:53:04","slug":"envoy-urges-pakistani-businesses-to-seize-investment-opportunities-in-ethiopia","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ethiopia\/all-news\/envoy-urges-pakistani-businesses-to-seize-investment-opportunities-in-ethiopia","title":{"rendered":"Envoy Urges Pakistani Businesses to Seize Investment Opportunities in Ethiopia"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Ethiopia. <\/strong><\/span>Ethiopian Ambassador Extraordinary and Plenipotentiary to Pakistan called on Pakistani business community to invest in Ethiopia.<\/p>\n<p>In a press release sent , Ethiopia embassy in Islamabad, said Ambassador Jemal Beker briefed the business community on Friday about Ethiopia\u2019s untapped potentials would offer comparative advantages in terms of important geographical location, cheap and clean energy and skilled human resource.<\/p>\n<p>Addressing a Business Forum on Ethiopia-Pakistan Bilateral Trade at Federation of Pakistan Chambers of Commerce &amp; Industry (FPCCI) in Lahore, the ambassador said his country was hosting the Invest Ethiopia Conference from April 28-30 in Addis Ababa to showcase extraordinary investment opportunities in Ethiopia.<\/p>\n<p>According to Ambassador Jemal, it was a high time for the business community of Pakistan to explore the lucrative market of Ethiopia which was a gateway to the African continent of more than 1.4 billion people.<\/p>\n<p>He said Ethiopia was a signatory to the African Continental Free Trade Area Agreement (AfCFTA) which means that whatever produced in Ethiopia could easily be traded to the entire Africa.<\/p>\n<p>Jemal highlighted the economic reforms carried out by the reformist Government of Ethiopia to build a home grown economy to achieve a robust and sustainable economic growth by creating an enabling environment for business community and foreign investors.<\/p>\n<p>He said under its economic reforms, Ethiopia had laid a major focus on its five economic sectors including agriculture and agro-processing, manufacturing, mining, Information and Communication Technology (ICT) and tourism.<\/p>\n<p>Prime Minister Abiy Ahmed had charted the country on the path of progress and prosperity with his visionary reforms paving the way for Ethiopia to become a manufacturing hub of Africa, the ambassador elaborated.<\/p>\n<p>He added Ethiopia was producing cheap, clean and green energy close to 98 per cent from hydro and geothermal sources. \u201cWe are exporting energy to Kenya, Djibouti, Sudan and other neighboring countries since our prime focus are to foster regional integration by sharing our resources.\u201d<\/p>\n<p>As regards the efforts for boosting trade volume between Ethiopia and Pakistan, he said the Embassy of Ethiopia in Islamabad last year in March mobilized a 75-member trade delegation to Ethiopia that helped connect both countries business community.<\/p>\n<p>\u201cNow, we are planning Hijra Trip II to Ethiopia for the traders and investors of Pakistan this year in May,\u201d the ambassador said, exhorting the participants to register themselves for the delegation before end of April.<\/p>\n<p>The Ambassador also briefed the Pakistani business community about export potential of different products to Ethiopia including rice, pharmaceutical products, medical equipment, sports items and construction material.<\/p>\n<p>Likewise, Pakistan could import agricultural products such as coffee, tea, pulses, oilseeds and vegetables from Ethiopia.<\/p>\n<p>Vice President of FPCCI and Regional Chairman Zaki Aijaz also informed the business community about Ethiopia\u2019s business, trade and investment potential while recalling his visit to Ethiopia as part of the 75-member business delegation went to Addis Ababa last year.<\/p>\n<p>He also lauded the role played by Ethiopian Ambassador to Pakistan, Jemal Beker for advancing bilateral relations including trade ties between the two countries.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/ethiopia\">Ethiopia<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Ethiopia. Ethiopian Ambassador Extraordinary and Plenipotentiary to Pakistan called on Pakistani business community to invest in Ethiopia. In a press release sent , Ethiopia embassy in Islamabad, said Ambassador Jemal Beker briefed the business community on Friday about Ethiopia\u2019s untapped potentials would offer comparative advantages in terms of important geographical location, cheap and [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":27059,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,12],"tags":[233,277,235],"class_list":["post-27060","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-africa-press","tag-africa-press-ethiopia-2","tag-ethiopia"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Envoy Urges Pakistani Businesses to Seize Investment Opportunities in Ethiopia - Ethiopia<\/title>\n<meta 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