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Ethiopia’s Trade Competition and Consumer Protection Authority announced it is going to launch a market information system for international industrial products.

Ethiopia and Israel agreed to further strengthen their ties through economic, social and security cooperation.

Mexico’s Ambassador to Ethiopia, Alfredo Miranda, announced his county’s foreign minister, Jose Antonio Meade Kuribrena, will come to Ethiopia leading a high level business delegation team on October 2014. The business delegations are said to be from textile and agriculture sectors.

Ethiopia’s Ministry of Trade announced the nation’s export products are on the increase.

According to the Ministry the variety of products the nation sent abroad in the past 10 months has reached 30 and the revenue U.S $ 2.6 Billion. The total revenue shows an increase of U.S $ 120 Million when compared to last year’s same period.

Amakele Yemam, Public Relations and Communications Head at the Ministry, appreciated the increase in the destination of the export products as well as the types and amount of the products. Elaborating this he said, currently Ethiopia exports 15 types of agricultural products, 10 industrial and five mineral and other products.

Amakele further noted efforts being made to export value added products instead of raw materials is encouraging especially in the textile and leather sectors.

Major destinations of Ethiopian products during the 10 months of the current fiscal year are Somalia, China, Germany, the Netherlands and Saudi Arabia.

Source: Ethiopian News Agency

The seventh Specialized International Exhibition in Agriculture and Food (AGRIFEX) is expected to open on Thursday, June 19, 2014 in Addis Ababa, Ethiopia and feature Italian companies. The exhibition is going to be held at the Addis Ababa Exhibition Center and last for five days.

Ethiopian government secured a U.S $ 100 Million promised loan from the Korean Export Import (EXIM) Bank. The loan is extended for financing part of the Modjo-Hawassa highway project.

A seminar was organized in Stockholm by the Ethiopian Embassy in association with Chamber Trade Sweden and the Swedish-Ethiopian Chamber of Commerce, with the aim of promoting investment and business in Ethiopia.

Ethiopian businesswomen led by the first lady, Roman Tesfaye, made their Istanbul, Turkey, fourth day visit on Tuesday, June 17, 2014 and commented the meeting has enabled them find export market as well as import goods to increase the quality of their products.

Israel’s Foreign Minister, Avigdor Liberman, along with the business delegates of 50 companies that escorted him is having discussion with Ethiopian tycoons over possible partnership deal.

During National Logistics Strategy Study workshop Mekonnen Abera, Ethiopian Maritime Affairs Director, urged for a comprehensive national logistics strategy for Ethiopia to achieve the aim of becoming a middle income country.