World Bulletin / News DeskIndia and Ethiopia on Thursday signed agreements for cooperation in trade and communication sectors. In a short press briefing, the Indian president said he wanted to strengthen bilateral ties with Ethiopia. “We will be working closely to develop trade, investment and people-to-people relations between the two countries,” Kovind said. He added that India will provide a credit line to the tune of $95 million to Ethiopia for an electric transmission line. The two countries currently engage in nearly $1billion in bilateral trade, while foreign direct investment from India reached $5 billion, according to official documents.

Source: Ethiopian News October 05, 2017 12:00 UTC