Ethiopia keen to promote trade ties with Pakistan: Envoy - Press Release issued by Islamabad Chamber of Commerce and Industry.

Islamabad -- September 07, 2022 (PPI-OT)

Following is the text of press release issued by Islamabad Chamber of Commerce and Industry (ICCI)

Quote

H.E. Jemal Beker, Ambassador of Ethiopia to Pakistan said that his country is keen to promote trade ties with Pakistan as increasing bilateral trade would be very beneficial to the people and economies of both countries. He said this while exchanging views with Muhammad Shakeel Munir, President, Islamabad Chamber of Commerce and Industry (ICCI) during his visit to Ethiopian Embassy.

The Envoy said that Ethiopia is importing many products from China and India and added that Pakistan has a good opportunity to focus on the Ethiopian market to explore new opportunities of improving its exports. He said that Ethiopia is considering resuming direct flights with Pakistan that would improve people to people contacts and trade relations between the two countries. He said that Ethiopia is importing 80% of pharmaceutical products and Pakistani pharma sector investors should set up JVs in Ethiopia to meet the needs of its market and export surplus to African countries.

He highlighted marble, pharmaceuticals, textiles and construction as potential areas of bilateral cooperation between Ethiopia and Pakistan. He said that ICCI should consider taking a business delegation to Ethiopia to promote connectivity with Ethiopian counterparts and explore business collaborations. He proposed that ICCI should sign an MoU with Ethiopian Chamber of Commerce to promote business linkages between the private sectors of both countries and assured that his Embassy would facilitate Pakistani entrepreneurs in exploring the Ethiopian market for business and investment.

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