Ethio Sudan AAAn Ethio-Sudan Business Forum opened in Addis Ababa, Ethiopia on April 29, 2019.

The Forum was co-organized by the Ethiopian embassy in Khartoum and the embassy of Sudan in Addis Ababa, according to the Ministry of Foreign Affairs.

The Forum brought together over 110 heads of companies and representatives of various businesses from both countries.

In his opening remarks, Permanent Secretary for Economic Diplomacy and Diaspora Affairs at the Ministry of Foreign Affairs, Ambassador Dewano Kedir underlined that the Forum is instrumental in further strengthening the bilateral trade and investment ties between Ethiopia and Sudan.

Series of presentations on ways of enhancing economic ties between Ethiopia and Sudan and business to business sessions, it was learned.

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PM Abiy Emir of Qatar Discussed bilateral IssuesPrime Minister Abiy Ahmed has arrived in Doha, Qatar, this morning for an official visit, according to Ministry of Foreign Affairs. During his visit, the premier will meet with Sheikh Tamim bin Hamad Al Thani, Emir of Qatar, to discuss bilateral issues of mutual benefit to the people of the two countries

Doha March 19/2019 Prime Minister Abiy Ahmed and Amir Sheikh Tamim bin Hamad Al-Thani, Emir of Qatar, on Tuesday meet in Doha. During the meeting, both sides discussed the existing bilateral relations between the two countries.

They also discussed ways of enhancing the tie in various areas particularly in the fields of economy, investment, tourism and infrastructure. They also exchanged views on regional and international issues, Qatar News Agency reported.


Ethiopia Ratifies Continental Free Trade Area AgreementThe House of People’s Representative (HPR) has approved the draft proclamation for the ratification of African Continental Free Trade Area Agreement today. The HPR ratified unanimously the proclamation for the ratification of African Continental Free Trade Area (ACFTA).

As of the end of February this year, 52 out of 55 countries have reportedly signed the agreement and 20 of these, including Ethiopia, have ratified the agreement. With two African countries coming on board, the agreement will come into effect. The African Continental Free Trade Area will create a 1 billion people market.

The agreement of establishing the African Continental Free Trade Area (ACFTA) is expected to enhance continental trade competition, promote job opportunities, improve productivity and expand continental trade destination.


MoU for Manufacturing of Medical Equipment Locally SignedA memorandum of understanding (MoU) that will allow government institutions work in collaboration to realize the manufacturing of medical equipment locally was signed. The MoU was signed between the ministries of Innovation & Technology, Health, and Trade & Industry as well as Ethiopian Investment Commission. It is said to help to mobilize efforts in promoting innovation among the youth and encourage entrepreneurs and the private sector to engage in the manufacturing of the equipment.

Speaking on the occasion, Dr. Amir Aman, Minister of Health explained the importance to join hands in encouraging entrepreneurs and the private sector to engage in the field. Despite the country invests such huge money, it still unable to meet the demand for medical equipment, he added. In this regard, the MoU will provide an opportunity for stakeholders to work in collaboration to create the capacity to locally manufacture medical equipment, he added.

Minister of Innovation and Technology, Getahun Mekuria said on his part the MoU is a crucial step in realizing import substitution in some types of medical equipment. Fetlework Gebregziabher, Minister of Trade and Industry for her part said her ministry will support the private sector to engage in the manufacturing of the equipment.

Ethiopian Investment Commissioner, Abebe Abebayehu, said on his part the development of an industrial park dedicated to the health sector is well in progress. The Commissioner further said the industrial park is among the initiatives taken by the government in encouraging the private sector engage in the manufacturing of equipment along with the production of medications. The Commission will support companies by creating market linkage as well as facilitating situations that will help them form joint ventures with foreign companies, he noted.


EIC signed MoU with China Chamber of CommerceEthiopian Investment Commission has signed an MoU with the China Chamber of Commerce for Import & Export of Textile and Apparel. 
With this MoU, the parties agreed to enhance their partnership in a bid to grow Chinese investment in Ethiopia in textile and apparel industries.

Source: EIC