An Ethio-Jiangsu (China) Economic and Trade Cooperation Conference opened at Adwa Victory Memorial Museum, yesterday.
On the occasion, Ambassador Negus Kebede, the Director-General of Middle East, Asia, and Pacific Countries Affairs of the Ministry of Foreign Affairs, noted that several Chinese companies from Jiangsu Province are playing a pivotal role in Ethiopia’s economic transformation.
Ambassador Negus also reiterated Ethiopia’s commitment to deepening its cooperation with Jiangsu Province to drive mutually beneficial economic interdependence and long-term prosperity. “We invite more Jiangsu enterprises to explore the abundant opportunities Ethiopia offers,” the Ambassador added.
Deputy Commissioner of the Ethiopian Investment Commission, Zinabu Yirga said the Commission is dedicated to ensuring a seamless investment process, by way of providing a conducive business environment, with transparent regulatory frameworks and robust support systems.
He underscored that Ethiopia has identified strategic sectors for investment, including manufacturing, Agriculture, tourism, mining, and ICT, further calling on Chinese investors to explore the country’s vast trade and investment opportunities.
Chinese Ambassador to Ethiopia, Ambassador Chen Hai noted the huge potential for cooparation between Jiangsu and Ethiopia, expressing the Embassy’s commitment to continue promoting the friendly cooperation for the benefit of the peoples of both countries.
Si Yong, Director -General of Jiangsu Provincial Department of Commerce, on his part mentioned that 77 Companies from Jiangsu have already invested in Ethiopia in various sectors, including infrastructure and Manufacturing.
He also underlined the importance of further deepening the partnership between Ethiopia and Jiangsu Province.
The Conference, which highlighted the various trade and investment opportunities in Ethiopia, brought together several business communities from both countries.
Jiangsu, known as one of China’s industrial and technological powerhouses, plays a leading role in the Belt and Road Initiative (BRI). With a GDP of $1.82 trillion in 2023, it ranks as China’s second-largest provincial economy, excelling in industrialization, innovation and global outreach.
Source: FMC
