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Key investments strengthen cooperation between Ethiopia and China

Addis Ababa, Mar 24 (Prensa Latina) Investments in key sectors remains an important element in the economic cooperation between Ethiopia and China, said the Chinese Ambassador, Zhao Zhiyuan.

Zhiyuan made statements to the Ethiopian News Agency ratifying China’s will to encourage and support national companies to get them to invest in agriculture, tourism, medicine, energy, mining and telecommunications, among other spheres.

He stated that trade volume between both countries has risen in the past few years, and the channels for the export of Ethiopian products to the Chinese market are continuously modified in order to reduce costs and ease proceedings.

“China wants Ethiopian companies to keep participating actively in exhibition platforms such as China’s International Imports Exhibition and the China-Africa Economic and Trade Exhibition,” he said.

He highlighted the need of making the most out of taxes, such as the free import of up to 98 percent of Ethiopian products.

The diplomat recalled last month’s visit by a delegation led by the Minister of Finance of Ethiopia, Ahmed Shide, who participated in the Tenth Session of the Joint Commission of Economic, Scientific, Technical and Trade Cooperation with China´s Ministry of Trade.

“China and Ethiopia have kept talking on expanding cooperation in sectors such as trade, investments, assistance to development, building infrastructure, and debt treatment, and have reached several consensuses”, he reported.


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