Ethiopia and China recently signed a memorandum of understanding (MoU) to set up an investment and economic cooperation working group to jointly boost economic and trade ties in strategic fields. The MoU was signed by Ethiopian finance minister Ahmed Shide and China’s assistant minister of commerce Li Fei at the Joint Economic and Trade Commission meeting held in Addis Ababa.Shide said Chinese enterprises have significantly invested in Ethiopia in diverse sectors, including industrial parks, processing, manufacturing and construction.
Ethiopia and China have signed an MoU to set up an investment and economic cooperation working group to jointly boost economic and trade ties in strategic fields. The MoU was signed by Ethiopian finance minister Ahmed Shide and China's assistant minister of commerce Li Fei at the Joint Economic and Trade Commission meeting held in Addis Ababa.
Li said China’s new preferential policy for zero-tariff treatment on 98 per cent of taxable items that Ethiopia will enjoy from March 1 this year will lead to tangible benefits, a pan-African news dissemination organisation reported.
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