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Ethiopia plans to expand economic ties with China

lelise
Addis Ababa, Sep 4 (Prensa Latina) Ethiopia reportedly plans to expand economic relations with China by developing favorable policies for foreign investment and highlighting priority sectors to attract more Chinese firms to this nation.

Lelise Neme, a commissioner of the Ethiopian Investment Commission, said that when we see the database, there is a vast flow of Chinese investments to that African country; the sectors in question are manufacturing, agriculture, mining, tourism, and information technology and communications.

In statements to Beijing People’s Daily, shared by Fana Broadcasting Corporate, Neme recalled the construction of more than 30 industrial parks to attract foreign investment. Moreover, the country provides a streamlined, one-stop service for businesses operating in Ethiopia.

“Our first private industrial park was the Chinese Industrial Park, which is the Eastern Industrial Park that has created more than 20,000 jobs. And there is a huge amount of investment there, including the Huajian Group. So, this will impact the country’s economy and create more jobs for our people,” she emphasized.

Neme stated that, as a country, they have a vision to be a beacon of prosperity in Africa. To make that happen, they need more investment in line with the current potential in Ethiopia, which Chinese entrepreneurs can explore.

Speaking to the Belt and Road Initiative, the commissioner highlighted the benefits Ethiopia has gained in the last few years, including the development of essential infrastructure.

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