Spain yesterday expressed readiness to strengthen business partnership creating better business climate with Ethiopia. The Spanish Institute for Trade Promotion (ICEX) jointly with Spanish Embassy have launched multilateral trade mission.
Trade State Minister Ayane Zewde said on the occasion that Ethiopia has enormous investment potential for Spanish firms. The volume of bilateral economic and trade balance between the two countries is still modest. Thus, both countries should join forces to create an Ethio-Spanish commercial network and praised infrastructure, energy, renewable energy, water treatment waste management and urban development attained by that country.
Admiring Ethiopia for being among the ten fastest growing economies in the world as well as for its growth prospects, recognizing that these facts make Ethiopia attractive market for investors, Spanish Ambassador Borja Montesino on his part said that both countries have a number of common values.
Ethiopian Chamber of Commerce and Sectoral Association Secretary General Endalkachew Sime on his part said that the second Growth and Transformation Plan aims to encourage the involvement of the private sector constituting a great opportunity for foreign firms in Ethiopia.
In this first ever event which ends today, over a dozen big Spanish companies from the environment, energy and infrastructure sectors took this opportunity to explore investment opportunities in Ethiopia, it was learnt
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