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Ethiopia, Malaysia set to enhance investment relations

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Addis Ababa, October 8, 2019 (FBC) –Ethiopia’s State Minister Trade and Industry Ambassador Misganu Arega held discussion yesterday with a delegation from the Ministry of Industry of Malaysia.

The discussion mainly focused on ways to enhance trade relations between the two countries, according to Ambassador Misganu.

Teresa Kok, Minister of Primary Industries of Malaysia, for her part pledged that she would work to boost the trade balance between the two countries.

She said Malaysia makes the necessary monitoring on products it exports to Ethiopia to ensure that they are of good quality and international standard.

At the end the two countries agreed to diversify their cooperation in investment sectors, in addition to trade.

In a related development, Ambassador Misganu met with Alexander B. Hammer, Head of China Research at the United States International Trade Commission.

On the occasion, Ambassador Misganu said the Government of Ethiopia has been undertaking a reform to address the bottlenecks in doing business and to expand the industrial sector in Ethiopia.

The reform mainly aimed at modernizing business registration and licensing services as well as developing manuals and guidelines to address the challenges in the export sector.

Ethiopia is the founder and members of the African Continental Free Trade Agreement (AfCFTA), he said adding, it is also working to join the World Trade Organization (WTO).

Ambassador Misganu finally invited investors from the United States and China to invest in Ethiopia.