ECONOMY AND TRADE TABLED AT THE MEETING OF PRESIDENT ANTON CARAGEA AND MINISTER YAEKOB YALLA

Professor Dr. Anton Caragea European Council on Tourism and Trade President was received on , 9 July 2015, by the Minister of Trade of Federal Democratic Republic of Ethiopia, Yaekob Yalla, during his visit to Ethiopia.

The two officials reviewed the progress in the bilateral relations, insisting on economic cooperation and trade.

Minister of Trade is decorated by IRICE President

Yaekob Yalla-Minister of Trade of Ethiopia receive European insignia from European Council on Tourism and Trade President-Professor Dr. Anton Caragea.

They expressed their firm belief that additional joint effort and intensified bilateral political contacts could boost the economic exchanges and help map out new investment and business projects of mutual interest.

As promising areas for bilateral economic cooperation, they mentioned the textile industry, the energy sector (hydroelectric plants, coal mining), agriculture and the pharmaceutical industry.

The Professor Dr. Anton Caragea urged Ethiopian business personalities to visit Europe and identify opportunities for economic cooperation.

Moreover, he underscored that a rise in commercial exchanges could also be determined through the good offices of an European -Ethiopian Business Council.

Trade discussion Romania-Ethiopia-ECTT

Europe-Ethiopia are preparing trade cooperation.

He also assured the Ethiopian side that business people across Europe are aware of the huge Ethiopian market’s potential (with around 90 million`s consumers), given the wealth of natural resources, the strategic geographical position and this year’s positive democratic and economic developments.

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