Trade and economic cooperation with Kazakhstan discussed in Ethiopia

Trade and economic cooperation with Kazakhstan discussed in Ethiopia

Addis Ababa, September 24, 2021 - The Embassy of Kazakhstan in Ethiopia held a seminar "On the state and prospects of trade, economic and investment cooperation between Kazakhstan and Ethiopia" with the participation of more than 50 representatives of the Foreign Ministry, other Ministries of Ethiopia, the Chamber of Commerce and Sectoral Associations of Ethiopia (TPSAE), The Addis Ababa Chamber of Commerce and Sectoral Associations (TPSAAA) and the business community of Addis Ababa.

The Ambassador of the Republic of Kazakhstan Barlybay Sadykov made a presentation on the topic of the seminar. Participants were also shown two films "Kazakhstan Today" and "Economy of Kazakhstan".

For their part, representatives of the Ethiopian business community made presentations on such issues as:

  • Export-import of goods between Ethiopia and Kazakhstan;
  • Obstacles to the development of trade, economic, and investment cooperation;
  • Transport links between Kazakhstan and Ethiopia. State and prospects.

During the discussion, the points of contact between the two countries in political and economic issues, the need to search for priority areas of interaction and jointly solve common problems, such as the lack of direct access to the sea, the complexity of transport links, tariff and non-tariff barriers to trade, etc. were noted. Business representatives were interested in the possibility of establishing contacts with exporters and importers of Kazakhstan.

A number of businessmen expressed a desire to immediately start working out the export of goods of interest from Kazakhstan, and the implementation of joint investment projects in Ethiopia.

As a result of the seminar, a Roadmap was adopted for the interaction of the Embassy of Kazakhstan with the Chamber of Commerce and Sectoral Associations of Ethiopia (TPSAE), the Chamber of Commerce and Sectoral Associations of Addis Ababa (TPSAAA), and Ethiopian companies.

Meetings at the said Chambers and visits to enterprises and industries, joint recommendations for the development of bilateral trade and economic cooperation were planned.