New Delhi, Nov 8 (PTI) India has urged Ethiopia to explore possibility of settling bilateral trade transactions in local currency as it will help boost bilateral trade and conserve foreign exchange, an official statement said on Wednesday. Also Read | Uttarakhand Day 2023 Date: Know the History & Significance of Uttarakhand Sthapna Diwas That Marks the State Foundation Day. Both sides also agreed to expeditiously address all issues impeding bilateral trade and facilitate trade promotion between the two countries. "The Indian side urged Ethiopia to explore the possibility of settlement of trade transactions in local currency which will help boost bilateral trade and conserve foreign exchange," the commerce ministry said. Bilateral trade stood at USD 642.59 million in 2022-23.
