With the growing call to increase Ethio-Brazil business exchanges, the two countries are expected to involve heavily in the economic side of their ties.

The possibility of enhanced economic partnership was revealed at Ethio-Brazil Business Meeting organized in Addis Ababa.  

Delivering speech at the event, Minister of Foreign Affairs Dr. Tedros Adhanom remarked that such an event offers the opportunity for Brazilian companies to invest in Ethiopia. 

The meeting would also create opportunities to promote business and investment potentials on both sides, the minister indicated.

“I believe that strengthening the relation of business communities of the countries will serve as a strong foundation to sustain the relation of the countries,” Dr. Tedros stated.

He said the government of Ethiopia is fully committed to encourage and assist Brazilian investors in their respective areas of investment.

Brazilian Minister of Foreign Affairs Mauro Vieira on the occasion said the business meeting would help promote the trade and investment relation between Ethiopia and Brazil.

He noted that the Ethio-Brazil Business Meeting is the first step towards achieving a higher level of business and investment partnership between the two nations.

Stressing on the significance of the relationship between Ethiopia and Brazil, Vieira called for further diversification of the fields of engagement.

Special Advisor to the Prime Minister with a ministerial portfolio Arkebe Oqubay also highlighted key investment opportunities for Brazilian companies.

According to Arkebe, manufacturing, leather and leather products, livestock, infrastructure and energy are among the key areas Brazilian investors can engage in.

It was indicated that Ethiopia and Brazil have previously signed various agreements to further strengthen their bilateral ties. Organizing business-to-business meetings is believed to play a vital role in consolidating the implementation of the agreements

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