ECCSA, DC Chamber of Commerce sign MoU to establish framework for dev’t of stronger business ties
Addis Ababa, November 12, 2019 (FBC) – An Ethiopia-America Business Roundtable was held here today in the presence of concerned high ranking government officials and representatives of the private companies from both countries.
The event was organized jointly by Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA), Ethiopian Ministry of Foreign Affairs and the District of Columbia (DC) Chamber of Commerce.
In his opening remark, Engineer Melaku Ezezew, President of ECCSA the Ethiopia-America Business Roundtable is perceived by the Ethiopian private sector as a special event as it creates the opportunity to meet with innovative American companies that are advanced in modern technology.
He further said that the event is a clear manifestation of the mutual understanding and strong bonds of friendship between the business communities of the two countries.
In addition to exchanging business information and enhancing partnership between the business communities, the business roundtable will pave the way for future trade and investment, he added.
Margaret Singleton, Vice President of Contracts and Programs, DC Chamber of Commerce, on her part said that the rationale of the roundtable is to explain DC as a main location for business and investment, connect members of DC Delegation with Ethiopian companies currently doing business in the United States and learn about business and investment opportunities in Ethiopia.
On the occasion, ECCSA and the DC Chamber of Commerce signed memorandum of understanding (MoU) to establish a practical framework for the development of stronger business relations between the two parties and to set forth the procedures of cooperation that can enhance the implementation of reciprocal economic objectives.
American companies with their Ethiopian counterparts representing different sectors participated on the event, according to ECCSA.