China’s Ambassador to Ethiopia Tan Jian said that 2020 would be a historic year for both China and Ethiopia.
Briefing journalists, China’s Ambassador to Ethiopia Tian Jian said China wants to further strengthen its relations in multifaceted spheres, including hi-tech, agricultural transformation, trade and tourism.
The ambassador stated that his country will continue to solidify its support to transform the agriculture, livestock, trade and tourism sectors in the upcoming year, ENA reported.
Speaking about the potential and prospect of the cooperation of the countries, Ambassador Jian said: “I used to say “the sky is the limit”; now with the successful launching of the Ethiopian satellite, I would say “the space is the limit.”
According to the ambassador, the bilateral pragmatic cooperation in the economic front has achieved remarkable progress. “China has consolidated its position as Ethiopia’s largest trading partner and source of investment,” he noted.
Ethiopia approved over 140 FDI projects from China from January to October 2019, registering over 12 percent year-on-year increase and accounting 60 percent of Ethiopia’s newly-approved FDI.
On Chinese engagement in business, the ambassador said: Chinese investors have engaged in various sectors like textile, pharmaceuticals, building materials, steel, ceramics and bamboo paper pulp, among others.
Besides, “Chinese companies are working on the oil and gas project in Somali region, on the Aviation Industry City Project in Bishoftu of Oromia region, on the Addis Ababa Bole International Airport Expansion Project, Addis Ababa Power Network Rehabilitation and Upgrading Project, and Addis Tomorrow Project, to name few.”