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Ethiopia and Brazil signed cooperation agreements in Addis Ababa, Ethiopia on Friday 24, May 2013 to work in collaboration in the agriculture, education, science and technology as well as air transport sectors.

The agreements is said to enable to facilitate science and technology transfer to Ethiopia. The agreements will help to further boost existing relation between the two countries, according to Foreign Affairs State Minister Ambassador Berhane Gebrekirstos. Add a comment Add a comment

Ethiopia and Portugal signed a double taxation avoidance and the prevention of fiscal evasion agreement on Saturday, May 25, 2013 in Addis Ababa.

Finance and Economic State Minister Ahmed Shide and Secretary of State of Foreign Affairs and Cooperation of Portugal, Francisco Xavier signed the agreement. The agreement is aimed at removing the burden of double taxation which will serve as a vehicle to promote,investment, transfer of knowledge, skill and technology. Add a comment Add a comment

The China Import Export Bank (EXIM) signed a loan agreement of nearly USD 3 billion with Ethiopia and Djibouti on May 22, 2013 to finance  the construction of the 756km long Addis Ababa-Djibouti railway project.

The loan agreement also covers the 100km railway project that extends from the Ethiopian border with Djibouti to the Port of Dorrale. Add a comment Add a comment

Ethiopia has earned USD 229 million from the export of manufactured goods in the last ten months of the current Ethiopian Fiscal Year, exceeding the amount earned the same period last year by more than 4.2 percent, according to the Ministry of Industry.

Public Relations Directorate Director Melaku Taye told Walta Information Center that the revenue was earned through the exports of textiles and clothes, leather and leather products, agro-processing, Pharmaceuticals and chemical products  to different countries. Add a comment Add a comment