Pakistan keen on expanding its trade relations with Ethiopia

Addis Ababa, May 9, 2023 (FBC) – Pakistan is keen on expanding its trade relations with Ethiopia and Africa in the coming few years, says Zubair Motiwata, Chief Executive of the Trade and Development Authority of Pakistan.

The remark came during a side event discussion at the Ethiopia-Pakistan Business Forum between the Ethiopian government’s high-level business delegation and Pakistani counterparts.

State Minister of foreign affairs of Ethiopia, Mesganu Arga, during the side event discussion has explained the policy and practices of doing business in Ethiopia and the comparative advantages of the country for investment.

He said that the Federal Gov’t of Ethiopia has undertaken a number of policy reforms in the past five years to increase foreign direct investment inflows.

Ethiopia is looking for more investment from Pakistan and wants to boost its trade volume, added the State Minister.

From the Pakistani side, Zubair Motiwata, Chief Executive of the Trade and Development Authority of Pakistan, says the start of Ethiopian Airlines’ direct flight to Karachi marked today as a historic day between the two countries’ diplomatic relations.

Ethiopia is a gateway, said Zubair, to Pakistan’s vision of strengthening its existing trade and investment relations with Africa.

He assured that Pakistan, with better-quality products at a competitive price, will expand its trade with Ethiopia in the coming few years.

It is stated that the chambers of commerce of the two countries signed a memorandum of understanding to work together in trade and investment.