Bilateral trade to get major boost with Pak business delegation’s visit to Ethiopia: Envoy

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Ambassador of Ethiopia Jemal Beker Abdula here on Saturday urged Islamabad business fraternity to join in the business delegation which was set to fly to Ethiopia by next year start for exploring Ethiopian markets.

Addressing the media, he said the business delegation would fly to Ethiopia in the maiden flight of Ethiopian Airlines which was all-set to start its operation in Karachi by the start of next year.

Flanked by Ahsan Zafar Bakhtawari, President of the Islamabad Chamber of Commerce and Industry (ICCI), the Ambassador said that it was high time for Pakistani investors and businessmen to enter Ethiopian markets which offered lucrative investment and business opportunities in the diverse economic sectors such as agriculture, agro-processing, manufacturing, mining, textile, health sector and tourism.

“Our government opened the financial sector some three months ago and now looking forward to the establishment of traditional banks and stock exchange in Ethiopia,” he said, adding that Ethiopia was becoming a manufacturing hub of Africa producing the cheapest clean energy in the world.

He said that Ethiopia was exporting clean energy to Kenya, Sudan, and Djibouti, while efforts were afoot to sell it to other countries and ensure regional integration through energy grid.—APP