Ethiopia and China signed a Memorandum of Understanding which established a cooperative business Council. Representatives of the Ethiopian Chamber of Commerce and Sectoral Associations and the China Council for the Promotion International Trade held business and investment deliberations at the time.
The Memorandum of Understanding is aimed at strengthening general trade and investment relationships between the two countries according to Junyedi Basha, Vice President of the ECCSA.
The two countries have had trade relationship since antiquity when both had influential civilizations and the cordial relationships founded then still persist according to Junyedi.