Trade and economic cooperation: the need for revitalization.

Addis Ababa, September 10, 2021 - Today the Ambassador of the Republic of Kazakhstan in Ethiopia  Barlybay Sadykov met with the Deputy Secretary General of the Chamber of Commerce and Sectoral Associations of Ethiopia (CCSAE) Vubie Mengistu and the Director of the Investment Promotion Directorate of the CCSAE B. Mesgina Ezra.

During the conversation, the parties exchanged views on the state and prospects of trade, economic and investment cooperation between the two countries. In particular, they noted the great potential of such cooperation and the need to make efforts to unleash it.

Sadykov spoke about the achievements of Kazakhstan in the field of economic development, foreign trade and investment attraction, about the work of such unique structures as the Council of Foreign Investors under the President of the Republic of Kazakhstan, the International Financial Center Astana, about the business climate in Kazakhstan.

Mr. Vubie Mengistu informed about the trade policy of the Ethiopian government, about the interaction between the state and business structures, about the activities of CCSAE, which unites all regional and city CCSAs, closely interacts with foreign embassies and organizes exhibitions, conferences, fairs.

The Ethiopian interlocutors expressed genuine interest in Kazakhstan's experience in developing the economy, foreign trade, attracting investments and developing bilateral trade and economic cooperation.

The parties discussed the prospects for the development of trade, the conclusion of intergovernmental agreements, the creation of a bilateral Business Council, the exchange of business delegations from Kazakhstan and Ethiopia.

The parties agreed to jointly hold a seminar on trade and economic cooperation between Kazakhstan and Ethiopia on September 20, 2021, on subsequent meetings with target groups of companies, develop a draft Memorandum of Understanding between the Chambers of Commerce of the two countries, organize trips to the regions of Ethiopia, and exchange useful information in order to activate cooperation.