ETHIOPIAN WANTS TO EXPAND TRADE, INVESTMENT RELATIONS WITH EGYPT, SAYS PM

ADDIS ABABA, March 25 Ethiopian Prime Minister Hailemariam Dessalegn says Ethiopia wants to expand relations with Egypt beyond the political sector to include the trade and investment sectors.

He said this during discussions here Tuesday with visiting Egyptian President Abdel Fettah El-Sisi and an Egyptian business delegation accompanying the Egyptian leader on his first visit to Ethiopia.

The Ethiopian and Egyptian leaders had arrived here from Khartoum where they had signed, along with Sudanese President Omer Al-Bashir, the Document on the Declaration of Principles relating to the Grand Ethiopian Renaissance Dam project on the Blue Nile river on Monday.

Hailemariam told the Egyptian business executives to seize the ideal investment opportunity now available in the country and strengthen trade and economic relations between Ethiopia and Egypt.

Ethiopia’s Ambassador to Egypt, Mahmoud Dirir, who also attended the meeting, quoted the prime minster as saying that the government of Ethiopia was ready to provide all the necessary support to Egyptian investors.

Egyptian President Abdel Fettah El-Sisi said Ethiopia and Egypt, which had long-standing political relations, wanted to strengthen bilateral ties to include trade and investment relations.

The Egyptians investors reportedly want to build industrial zones in Ethiopia.

SOURCE: ENA