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The seventh International Conference on Pulses, Oilseeds and Spices was launched on November 22, with the theme ‘Africa the future pulse and oil seed supply’. Speaking on the occasion, President Mulatu Teshome (PhD) indicated that the most recent United Nations Conference on Trade and Development (UNCTAD) report showed that FDI flow to Ethiopia increased by 46 percent this year to reach 3.2 billion USD despite a decline in interest throughout the rest of Africa.
The agricultural export performance data of the last ten years indicates that oilseeds and pulses experienced a 1.7 percent increase in volume and 8.14 percent in value. “The increase observed is not only in export volume and value but also in the number of destination countries,” noted the president.
Bekele Bulado, Minister of Trade on his part said that the government is committed to see the private sector play a crucial role and be the backbone of the nation’s economy.
He noted that the nation is trying to establish an efficient marketing system and there exists a highly profitable investment opportunity in Ethiopia.
Different trading, import and export companies who contributed 22 to 13 million USD to the nation’s forex earnings in the last fiscal year also received awards.