Addis Ababa, May 31, 2024, The Europe Today: More than 80 Pakistani businessmen, traders, investors and industrialists have concluded their 5-day business trip to Ethiopia on Friday on high note, writing a new chapter in the bilateral relations of the Federal Democratic Republic of Ethiopia (FDRE) and the Islamic Republic of Pakistan.
During their five-day visit, the Pakistani business community had successful meetings with the leadership of Ethiopia, senior officials of the FDRE Government and Ethiopian Investment Commission, and business community.
The 2nd Business and Trade Delegation took place as a follow up to the first business and trade delegation that happened last year in March.
The 2nd Business and Trade Delegation to Ethiopia had a presence of the business community from diverse economic sectors of Pakistan including agriculture and agro processing, manufacturing, mining, ICT, tourism, construction, fertilizer, oral care, pulses and spices.
The 2nd Business and Trade delegation, designed by the FDR Ethiopia’s Embassy Islamabad, included government officials and prominent businessmen and industrialists including Trade and Development Authority of Pakistan Chairman H.E. Zubair Motiwala, Presidents of Sialkot and Faisalabad Chambers of Commerce and Industry H.E. Abdul Ghafoor Malik and H.E. Dr. Khurram Tariq, respectively, President of Sundar Industry and Trade Association H.E. Malik Azhar Ali, Former President of Gujranwala Chamber of Commerce Umar Ashraf, Forward Sports Director Khawaja Masood and Chief Executive Officer of AirSial Fazal Jilani.
The Pakistani business community opened their business trip with a visit to the historical Adwa Victory Memorial which was followed by cultural night arranged by the Ministry of the Foreign Affairs of Ethiopia.
H.E. Ambassador Mesganu Arega, State Minister of Foreign Affairs of the Federal Democratic Republic of Ethiopia graced the occasion as a chief guest.
The second day of their visit was the most productive as they participated in a dedicated Ethio-Pakistan Business Forum which was launched by State Minister of Foreign Affairs H.E. Ambassador Birtukan Ayano, H.E. Chala G/meskele, Minister of Trade and Regional Integration, H.E. Hanna Arayaselassie, Ethiopia Investment Commissioner and H.E. Aklilu Tadesse CEO of Industry Parks Development Cooperation.
During the business forum, the Ethiopian Investment Commission and Ethiopian Investment Holdings senior officials briefed the delegation on extraordinary business, trade and investment opportunities in Ethiopia.
The forum was followed by the Business-to-Business and Business-to-Government meetings that enabled them to foster business connections for enhancing bilateral trade between the two countries.
The business community of Pakistan visited three industrial parks including Bole Lemi, Kilinto and Adama to witness on-ground business and investment opportunities in Ethiopia. Moreover, their visits to the Ministry of Mining, the Information Network Security Administration, Ethiopian Investment Commission and International BIG 5 Construct Ethiopia Expo were also arranged.
The trade delegation also achieved major breakthrough with signing of Memoranda of Understanding between the Ethiopian Investment Commission and the Sialkot Chamber of Commerce and Industry, the Faisalabad Chamber of Commerce and Industry, and the Sundar Industry and Trade Association.
The objectives of the MoUs were to facilitate the investors and industrialists from Pakistan to make investment in Ethiopia’s diverse economic sectors including agriculture, textiles, sports goods and wear, leather, fertilizer and others.
