Sunday, May 19, 2024

Pakistan to sign upto 10 agreements with Ethopia to improve trade relations

Ambassador of Ethiopia Jamal Beker Abdula has informed that Pakistan would soon sign around seven to 10 agreements.

Agreements related to:

  • trade promotion
  • political consultations
  • defense cooperation
  • aviation
  • technology transfer with Ethiopia.

The agreements would be signed this months or in the next month to improve trade relations between the two countries. The ambassador said while exchanging views at the Karachi Chamber of Commerce and Industry (KCCI) on Monday.

“Ethiopia is ready to welcome you in trade, investment and tourism etc and we are ready to assist and facilitate trade by efficiently removing the trade barriers. We need to work together and my country is very clear on improving trade and investment ties with Pakistan,” he added.

Abdula said that the Ethiopian Airlines, would soon be flying to Karachi as well.

“We are also working on the modalities so that the goods could directly be transited from Gwadar to Modjo Dry Port in Ethiopia”.

He said that Pakistan was a very strong destination for Ethiopian businesses and a very vibrant country. However, lack of information and lack of relationships have created a big gap despite political will. Hence, the business communities would have to come forward and navigate. As a result trade and investment ties could be taken to new heights.

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