Addis Ababa, March 7, 2022 (FBC) – The Minister of Trade and Regional Integration, Gebremeskel Challa held discussion with Minister for Commerce of Bangladesh, Tipu Munshi on areas of economic cooperation.
During the discussion, Gebremeskel Challa said that Ethiopia is a country with a greater richness in ecological diverse climatic zones and the second most populous nation on the African continent after Nigeria.
The country has a highly diverse population and more than 80 different ethnic groups living together in peace and harmony while maintaining their language, culture and history.
The Ethiopian government has a super ambitious plan to be a middle income country through realizing the economic transformation from agriculture led economy to industry led economy, through sustaining the rapid, broad based and inclusive economic growth, he noted.
To achieve this economic transformation Ethiopia is building different industrial parks across the country and these parks has under operation and are ready for Foreign Investors, Gebremeskel added.
Ethiopia is seeking to broaden its export base in terms of commodities and to diversify market destinations. The country has agricultural products like oilseeds, avocados, pulses that are ready for export and for the future Bangladesh will be the major export destination of those agricultural products, the Minister said.
Minister of Commerce to Bangladesh Tipu Munshi, on his side said that Ethiopia has untapped huge resources that have an optimistic impact on achieving its super ambitious plan to be a middle income country.
In other side, Bangladesh has huge potential in the pharmaceutical sector and the major economy of the country is based on this sector.
The sector grew at a phenomenal rate under enabling policies of the government of Bangladesh and the country is ready to share its best experience to Ethiopia he added.
Even though the price of the drug is rising, Bangladesh is still exporting this product through the world at an equitable price and will be ready to sell it to Ethiopia in Equitable price as, he said.