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Chinese Ambassador to Ethiopia, La Yifan, has called on foreign diplomats and business leaders collaboratively to explore and exploit business opportunities in Ethiopia.
Reiterating that Ethiopia has been registering fast economic growth and was successful in achieving the millennium development goals (MDGs), Ambassador La emphasized the need to have collaboration among diplomats and investors of different countries towards exploring and making use of investment opportunities in the country.
Exemplifying his remarks particularly with a Turkish textile factory in Ethiopia, which imports raw material from and exports its finished products to different countries, the Ambassador presented situations whereby countries could cooperate on foreign businesses in a single country.
He also stated that the Addis Ababa-Djibouti modern electrified railway being built by Chinese companies will play a significant role in facilitating trade for foreign investors operating in Ethiopia.
As different countries could contribute to industrialization in Ethiopia, the Ambassador expressed China’s keen interest to relocate industrial capacities to Ethiopia bringing technology as well as technical and managerial expertise in the industrial sector.