Ethio-Sudan business forum is being held in Addis Ababa, Ethiopia. The forum is expected to boost the economic ties between the 2 East African nations.

The forum is being attended by members of the Sudanese public delegation, pertinent government officials and Ethiopian business community.

Speaking at the event Teka Gebreyes, Deputy Commissioner of Ethiopian Investment Commission (EIC), said such forum would have significant contribution in boosting bilateral trade between the 2 countries. Ethiopia’s economic growth, investment incentives and industrial parks attracted foreign direct investments (FDI), he furthered.

Investors from Sudan can take advantage and also ensure mutual benefits of the 2 countries by engaging in manufacturing, construction, tourism, mining, energy and service sectors of Ethiopia, the Deputy Commissioner added.

According to Teka currently there are more than 700 Sudanese projects requesting license to invest in Ethiopia.

Speaking on his part Team Leader of Sudanese Chamber of Commerce, Wagdi Magur, said Ethiopia and Sudan should increase their trade volume by taking advantage of their geographical location. Port Sudan would play its part to facilitate trade, he added.

Magur also explained Sudan is progressing in raw cotton, vegetable, fruit and metal production. Ethiopia would be at benefit if it engages in these sectors, he furthered.

Source: Fana Broadcasting Corporate