Greece, Ethiopia aim to revive their trade ties

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The Greece trade delegation which comprises of four companies involved in information technology, construction, real-estate development, and agricultural machineries and equipment producer held discussion with Ethiopian business people who are interested in working with them.

The two nations trade between 2009 and 2013 was USD 83.2 million which slightly favor Ethiopia.
Nicolas Protontarios, Greece Ambassador to Ethiopia said during the business to business discussion  held, at Sheraton Addis Hotel, on October 14, “Both nations have huge potential to get huge money if they exchange their different products properly.’’ ‘’Now Ethiopia is developing and the current economy demand attract Greece investors to work in partnership with the Ethiopian business people’’ he said.
Yayehyirad Abate, Deputy Secretary General of Addis Ababa Chamber of Commerce and Sectorial Associations said “during the Dergue regime many foreigners companies were nationalized by the government and that discouraged Greece business people but now the current government has created favorable conditions that attracts foreign investors,” he said. Ethiopia export to Greece include sesame seed, coffee, natural gums, dried kidney bean and roses and importe base metal, iron and steel, washing machine, aluminum, and petroleum products. Currently 20 Greece companies operate in Ethiopia.