ETHIOPIA’S TRADE WITH INDONESIA RISES FIVEFOLD IN THREE YEARS

ADDIS ABABA, Ethiopia, Apr 15- Annual trade between Ethiopia and Indonesia has jumped from US$70 million to US$350 million, within the last three years, says the Indonesian Ambassador to Ethiopia, Ramil Saud.

Significant progress in trade and people-to-people relations were registered during the past three years, confirmed by the strong growth in bilateral trade, he said in an interview with the Ethiopian News Agency (ENA).

Peas, leather and hide and plants of medicinal value from Ethiopia have high demand in Indonesia, while pulp, food items, spice and detergents are imported by Ethiopia from his country, the ambassador added.

Ramli also noted that Indonesian investors were entering the Ethiopian market to seize the favourable investment opportunities which were available in Ethiopia.

Furthermore, a joint economic and technical cooperation agreement was signed by the two countries last year, to further boost bilateral co-operation, he recalled.

Following the signing of the agreement, several visits were arranged, so that business people from the two countries could make use of the market opportunities available and exchange experiences.

Since Indonesia, like Ethiopia, is a country with many nationalities and religions, religious leaders drawn from the two countries were also able to exchange experiences on conflict resolution, according to the ambassador.

Currently, efforts are being made to create bondage between institutions of higher learning of the two countries, he said.

SOURCE: ENA

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