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The 21st edition of the Addis Chamber International Trade Fair was opened on Thursday February 23, in the presence of government officials, ambassadors and members of the diplomatic community as well as representatives of various local and foreign firms.

During his speech to officially open the trade fair, State Minister of Trade Ased Ziad said that the current situation demands all businesses to compete globally. “The time we live in is characterized by intensification of globalization in which competition between business firms in all corners of the world takes the form of global competition. Unlike the old days, businesses are not only confronting with competitors that arise from their neighborhoods” he said.

Italian companies took part hugely in this year’s trade fair. About 50 Italian companies participated at this year’s ACITF.

With a total exhibition space of over 600 square meters and tens of companies from all sectors present, Italy is also this year’s foreign nation most represented at the fair.

The fair is organized under the motto ‘Condusive Environment for Enhanced Export Performace’ and will run until March 1.