Items filtered by date: Thursday, 05 October 2017

Addis Ababa October 05/2017 Ethio-India business dialogue was held at Sheraton Addis today.

Business persons exchanged views on cooperation in areas of trade and investment during the dialogue aimed at enhancing the overall business relations between the two countries.

Speaking on the occasion, President Mulatu Teshome said Ethiopia attaches great importance to its relation with India and is keen to further enhance it. “India is one of the most reliable development partners that Ethiopia has in its endeavors”, he added.

The President stated that Indian investors with more than 10 billion birr capital have created 50,000 jobs to Ethiopian citizens and the trade volume between the two countries has reached 1.37 billion USD.

He further revealed that there is a growing interest from the Indian side to engage in industrial zones. “The Indian investors can engage in textile and garment, agro-processing, leather and leather products, pharmaceutical and health, engineering, ICT and floriculture”, Mulatu elaborated.

India's President Ram Nath Kovind said Ethiopia and India are young nations and old civilizations. “Our countries have been trading with each other for centuries. Trade relations between Ethiopia and India flourished during the ancient Axumite Empire from the 1st century AD”, he added.

According to him, Ethiopia has been the largest recipient of Indian concessional lines of credit in Africa with over USD 1 billion committed to projects in power transmission and sugar.

President Kovind noted that India’s relationship with Ethiopia is symbolic of its engagement with the African continent, of which Addis Ababa is such a vital hub.

At the panel discussion held during the dialogue, issues like trade and investment relations between the two countries, gateway possibilities to strengthen investment ties, boosting trade and transfer of skills were raised.

Published in Economy

Addis Ababa October 05/2017 Ethiopia is committed to continue with its efforts to implement the Comprehensive African Agricultural Development Plan (CAADP) Malabo Declaration, Minister of Agriculture and Natural Resources said.

Addressing the opening of Ministerial Session of the 2nd Meeting of the Specialized Technical Committee on Agriculture, Rural Development, Water and Environment today, Agriculture and Natural Resources Minister Dr. Eyasu Abrha through his representative stressed that Ethiopia is committed to CAADP implementation.

Since the adoption of CAADP in 2003, it has become the central focus to the efforts of African governments, AU, and NEPAD to accelerate agricultural-led economic growth and poverty alleviation.

According to him, Ethiopia pioneered in making significant progress in the implementation of national CAADP acknowledging the decision of AU. “Ethiopia, like it did in the previous years, will continue to commit itself to CAADP Malabo Declaration”.

“I hope our African member states will also commit themselves to the same declaration. Once we committee ourselves to CAADP Declaration, I am optimistic that we can pave the way for the Africa we want”, the Minister added.

AU Commissioner for Rural Economy and Agriculture,  Josefa Sacko said African food security has been affected by external shocks especially climate change related ones during the last two years.

Member states are making efforts to implement their economic development and poverty reduction strategies, including national agricultural investment plans, and are taking the opportunities offered by the continent, she added.

“This meeting will assess, among other important subjects, the progress in the implementation of the Malabo Declaration”, the commissioner pointed out.

In 2014, member states were committed to achieve 7 Malabo commitments by 2025, including ending hunger, tripling intra-Africa trade promoting climate resilient agricultural systems, and investing at least 10 percent of public expenditure in agriculture to unlock private sector investments, among others, it was learned.

Published in Economy

Addis Ababa October 05/2017 Ethiopia has shown effective leadership during its presidential term as Chair of UN Security Council for the month of September, according to Ministry of Foreign Affairs (MoFA).

Briefing journalists today, Ministry of Foreign Affairs Spokesperson Meles Alem said Ethiopia has played significant role in reflecting the interest of Africa during the term.

He explained that six resolutions and one presidential statement were passed on DPRK, Mali, Colombia, Libya and improvements to be made on UN Peace Keeping Mission.

The country has lobbied on important issues which deserved the attention of the UN and a joint UNSC and AU Commission discussion about Peace and Security was held in Addis Ababa.

The Spokesperson further explained that Ethiopia and India are resolved to strengthen their diplomatic and economic relations to work together on education, investment and other sectors.

According to him, the official visit President Ram Nath Kovind to Ethiopia after 45 years presidential visit is part of the effort towards strengthening bilateral relations.

Meles  reveled  that 574 Indian factories with a total 10 billion birr are currently operating in Ethiopia. The factories have created more than 50,000 jobs in the country.

Diplomatic relations between Ethiopia and India began in 1948.



Published in Politics

Addis Ababa October 05/2017 Least Developed Countries (LDCs) will speak with strong and unified voice in the upcoming UN climate change negotiations, Ethiopia’s Environment, Forest and Climate Change Minister Gemedo Dalle said today.

Opening the LDC Group High-Level Ministerial Meeting here, the Minister said “the LDC Group must work to make sure that the Paris Agreement delivers its full potential”.

 “Despite the fact that LDCs are not the cause for climate change, we are working hard to confront the challenge,” Dr.  Gemedo added.

He noted that climate change has disproportionate negative impact on LDCs and their people, and LDCs that are at the frontlines of the catastrophe have been paying in lives.

The design of the Paris Agreement, rules, processes and review mechanisms should benefit the poorest and most vulnerable, the Minister reminded the participants.

“Together we are demonstrating that development and progress can be made without undermining the environment and our climate,” Dr. Gemedo stated.

German Minister Counselor, Matthias Schauer said “it is clear that sustainable development and climate action need to be anchored more strongly and more broadly in politics, economy and society.”

 “In view of the changing geopolitical situation, I believe it is crucial for COP 23 to show that the international community is working with all stakeholders, including non-governmental ones, and that the implementation of the Paris Agreement is irreversible”, Schauer pointed out.

According to him, countries have to assess how they can generate maximum synergy for the implementation of the Paris Agreement and Agenda 2030 in order to enhance their concrete impact on the ground.

Norwegian Ambassador to Ethiopia, Andreas Gaarder said on his part the LDC Group’s constructive and progressive role in climate negotiations is highly needed in a changing world.

“The active engagement of the LDC Group in the upcoming negotiations in Bonn is essential for developing comprehensive guidelines that will enable robust and effective implementation of the Paris Agreement”, Ambassador Gaarder stated.

He noted that climate change poses threat to all and to LDCs in particular. The climate ambitions of developing countries, LDCs in particular, must therefore be underpinned by financial and technical support.

It is to be recalled that climate focal points of the LDC Group have in their meeting in Addis Ababa early this week discussed issues of adaptation, mitigation, technology transfer and capacity building as well as setting strategies and positions for the Group’s effective engagement in the upcoming UN climate change negotiations.

Some 160 countries, of which 35 are LDCs, have ratified the Paris Agreement, bringing it into force in 2016.

Published in Environment

Addis Ababa October 05/2017 India has pledged to provide 195 million USD for expansion of electric power transmission lines and 2 million USD for medicines through its line of credit facilities.

This was disclosed today by Indian President Ram Nath Kovind who is on an official visit to Ethiopia.

Prior to that, agreements in trade, and communication, information and media were signed by the pertinent officials of Ethiopia and India.

President Mulatu Teshome said the agreements will create opportunity to further cement the existing ties between the two countries.

 At a joint press conference the leaders gave, President Mulatu stated that although relations between Ethiopia and India are resurging from time to time, "we have also recognize that additional effort is needed to utilize to the potentials we have by expanding investment and trade between our two countries.”

 He said "I express the great importance Ethiopia attaches to its multifaceted relations with India and wish to further strengthen the long standing historic relations between our two countries."

The President underlined that the visit of President Kovind will create opportunity to explore areas of cooperation by widening mutual understanding and building mutual trust.

Ethiopia is ready to cooperate with India in various fields of economic activities to forge benefits for the two countries.

He also expressed his gratitude to the government of India for its support to Ethiopia’s development endeavors.

President Ram Nath Kovind said on his part Ethiopia and India have made great progress to bolster their relations in multifaceted areas.

He stated that the two countries need to further work closely to forge their investment, trade and people-to-people relations.

India will continue supporting Ethiopia’s economic development, including in education and medicine, among others, President Kovind added.

The two leaders have also exchanged views on the how to cooperate in regional and international issues, including peace and security.



Published in Politics

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