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Egypt Working to Narrow Gap in Trade with Ethiopia

Egypt is working to narrow the gap in the volume of its trade with Ethiopia according to Mohamed Edrees, Egyptian Ambassador to Ethiopia. The Ambassador made the announcement in relation to a five day business visit to Ethiopia by a 25 person Egyptian delegation.

Strengthening economic ties between the two countries is an important element of the new relations being forged between Ethiopia and Egypt according to Ambassador Edrees.  Reducing the import-export gap is an important factor to safeguard mutual interest in the new win-win relations established between the two countries he said.

Recent dialogue between Ethiopian business people and their Egyptian counterparts should be a trend to enhance the existing friendship between the two countries according to the Ambassador.

Egypt desires to forge bilateral trade agreements with Ethiopia on the understanding that Ethiopia is becoming an important trade destination and a part of forming regional economic relations explained Ambassador Edrees.

There are many opportunities in Ethiopia that can be optimized by continued interaction he noted.

The current visit from the Egyptian delegation aims to create platform to strengthen business relations between the two countries and cultivate a network based on common interests said Edrees.

The Ethiopian chemical export estimated at 1 billion US dollars annually is an area of interest for the delegation. Accordingly the delegation wishes to discuss opportunities for Egyptian companies to get involved in the manufacture of chemicals and fertilizer according to the Egyptian Ambassador.

Source: Ethiopian Herald

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