Ethiopia and South Korea signed a Memorandum of Understanding on industrial cooperation. The agreement was reached at a summit during Ethiopian Prime Minister Meles Zenawi’s visit to Seoul.
South Korea will support Ethiopia’s textile and leather sectors through sharing experience and know-how said the office of President Lee Myung-bak.
The relationship between the two countries is moving along rapidly said President Lee. He expressed hope that the visit from the Ethiopian premier will enhance cooperation.
South Korea is a significant model for Ethiopia’s plan for economic development according to a statement by Prime Minister Meles Zenawi. He expressed hope for greater cooperation between the two nations in supporting Ethiopia’s textile and leather sectors.President Lee shared plans to invite 300 descendants of Ethiopian veterans of the Korean War for vocational training. Such training will help equip workers needed for Ethiopia’s economic development said Prime Minister Meles.
South Korean development assistance to Ethiopia has increased significantly from US$4.16 million in 2009 to $10.32 million last year. It is to be remembered that South Korea is a major supporter of Ethiopia’s plan for green growth development strategy.
South Korea has also helped Ethiopia establish the Agriculture Transformation Agency.
Source: Walta Information Center
