ETHIOPIA, SINGAPORE TO DEEPEN TRADE, INVESTMENT TIES

ADDIS ABABA, Ethiopia and Singapore have agreed to work together to further deepen their trade and investment ties.

The two countries exchanged views here Wednesday on the sidelines of the 3rd Ministerial Exchange of Experiences Forum between Singapore and sub-Saharan African countries, which is held in the South East Asian island nation every two years.

Ethiopian State Minister for Foreign Affairs Dr. Aklilu Hailemichael held discussions with Singapore’s Foreign Minister, Dr. Vivian Balakrishnan, on bilateral, trade and investment issues.

A Ministry of Foreign Affairs statement after the meeting said the two countries agreed to further cement their diplomatic relations. They agreed to work together on air transportation, tax systems and other issues of common interest.

High-level officials from 12 African countries, including Ethiopia, attended the experience-sharing forum held on Monday and Tuesday.

While in Singapore, Dr. Aklilu visited the Institute of Technical Education there.

Singapore is working to strengthen trade, tourism and investment ties between itself and 50 African countries, including Ethiopia.Total trade between Singapore and Africa reached 11 billion US dollars in 2015.

The third Ministerial Exchange of Experiences Forum between Singapore and sub-Saharan African countries was held under the theme, Singapore and Africa: Partners for Smart Cities.

Source: NAM News Network

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