The trade relation between Ethiopia and Switzerland has reached US$ 60 million, Swiss Ambassador to Ethiopia Andrea Semadeni said.

The Ambassador told Ethiopian News Agency that the trade relation between the two countries, which was very low a few years ago, has shown a huge development over the past three years.

Switzerland is striving to increase variety of trade items in a bid to further boost the bilateral trade relation.

The trade relation between the two countries is currently dominated by coffee and pharmaceuticals, according to Ethiopian News Agency. Ethiopia exports coffee to Switzerland and imports pharmaceuticals.

Switzerland supports various initiatives of the government of Ethiopia, including strengthening the federal system. The two countries are also working on drought prevention, ensuring food security, refugees’ rehabilitation, climate change mitigation and fighting terrorism, the Ambassador said.

Source: Ethiopian News Agency