Former Assistant Secretary Tibor Nagy recommends enhanced economic relations between Ethiopia and U.S

Addis Ababa, June 11, 2021 (FBC) – Houston International Trade Center in partnership with Ethiopia’s Honorary Consul in Houston, Texas organized a virtual business forum on the theme of “The United States and Ethiopia Business and Investment Opportunities” at the Headquarter of Ethiopian Embassy in Washington D.C.

On the occasion, Former U.S. Assistant Secretary of State for African Affairs Tibor Nagy expressed strong optimism about Ethiopia and attached a great importance to enhancement of economic relations between Ethiopia and the United States.

He also mentioned his strong confidence that Ethiopia will come out of the current challenges and continue being a key economic and security ally to the United States

Ethiopian Ambassador to the U.S. Fitsum Arega, to his part, briefed the participants on the various business and investment opportunities for American companies.

He particularly mentioned Ethiopia’s wide-ranging economic reform and liberalization measures, the historic telecom liberalization initiative, and the ten-year national development plan that has been recently adopted.

Ambassador Fitsum also spoke about the abundant investment opportunities available for U.S. companies in various sectors in Ethiopia such as agriculture, manufacturing, tourism development, ICT, energy, and mining. He also stated the governments’ unwavering commitment to supporting the private sector.

Ambassador Fitsum explained the all-around efforts being undertaken by the government of Ethiopia in addressing the humanitarian and security issues in Tigray and other parts of the country.