The initiative is joining hands with the Ministry of Finance, Investment Holdings, and the Stock Exchange in reflecting the logic of the Local Economic Reform initiative, which aims to address economic challenges and promote the prosperity of the Ethiopian people, Foreign Minister Gedion Timothewos.

During the launch of the guide on Monday, Timothewos underscored the importance of acknowledging the successes of those national transformations and aligning economic diplomacy consequently.

The foreign minister noted that the ongoing economic reform packages generated significant achievements and emphasized that the diplomatic directive will serve as a frame of reference, enabling Ethiopian diplomats to effectively adapt to the changes and perform their duties more effectively.

On economic diplomacy, he addressed the role in advancing the local reform agenda, which encompasses attracting foreign direct investment, strengthening trade relations, and accessing international financial resources.

Timothewos added that the government is implementing a strategy to improve domestic production and the trade balance by boosting foreign investment and negotiating favorable trade agreements, particularly within the framework of the African Continental Free Trade Area.

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