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Ethiopia and China signed a memorandum of understanding to promote the development of trade between the two countries.

The agreement stipulated that the nations exchange information on trade policies, investment opportunities, taxation, legislative changes and general national economic status.

China is a proven ally of Ethiopia as witness by the ever growing economic relations between the two countries said Mulu Solomon, President of the Ethiopian Chamber of Commerce and Sectoral Associations.

DHL Global Forwarding, the leading international provider of air, sea and road freight services, and Ethiopian Airlines, the largest aviation group in Africa, today signed a new agreement to form a joint venture company – DHL-Ethiopian Airlines Logistics Services Ltd., to build the Leading Cargo Logistics provider JV company in Africa; the company will be based in Ethiopia and do business in the entire continent of Africa, enhancing Ethiopia’s logistics infrastructure and connections.

Ethiopian Airlines (ET) has established a new partnership with Ethiopian Tourism Organization (ETO) with the ambition of making Ethiopia a global tourist destination, according to The Reporter.

Business-to-business meeting aimed to further strengthen multi-faceted business between India and Ethiopia was held in Addis Ababa between the Ethiopian Chamber of Commerce and Sectorial Associations (ECCSA) and Confederation of Indian Industries (CII).

Ethiopian Ministry of Foreign Affairs announced participants to the Ethio- Japan Agro Business Seminar have agreed to form joint venture in the areas of food and agro business.

The seminar was attended by more than 115 Japanese and Ethiopian companies engaged in agro business, flower and sesame production.

Export of Ethiopian agricultural products to the Japanese market have showed progress in the past few years, according to the Ethiopian News Agency.