Capital Ethiopia Newspaper

Five sectors, focus of Thai businesses

Around 10 businesses from Thailand came to Ethiopia. It was the first time since 2009 that a delegation had come from the South East Asian nation.

Food processing, pharmaceuticals, agricultural machinery, construction materials, auto parts, hotels and tourism were the major sectors involved. The delegation included businesses specializing in human and veterinary medicine, sea food, paint, construction, agricultural products and office furniture. 

Winyoo Laopoonpittaya director of the governmental office of the Board of Investment which brought the business delegation said it was his pleasure to once again bring Thai businesses to Ethiopia because they see it as a win-win situation. .

“Nowadays we see new markets in emerging economies in Africa and South America,” said Winyoo.

Teferi Asfaw Deputy Secretary General of the Addis Ababa Chamber of Commerce and Sectoral Association said Ethiopia would like to learn more from Thailand and they see tourism as an area they can emulate.

He also said there is a vast untapped investment potential between the two fast growing countries.

The Addis Ababa and the Bangkok Chambers of Commerce also announced plans to have a Memorandum of Understanding (MoU) to make their relationship even stronger.

“Thai products are becoming more prominent nowadays because of their participation in International trade fairs in Addis. They are both competitive in quality and price,” Teferi told Capital.