Addis Ababa — Ethiopia is poised to be a primary beneficiary within the BRICS bloc, Russian Ambassador to Ethiopia Evgeny Terekhin remarked. With a large, productive population, a strong legacy of international participation, strategic geographic advantages, and emerging economic diversity, Ethiopia is poised to be a primary beneficiary within the BRICS bloc, he explained. With an open economy primed for foreign direct investment (FDI), Ethiopia is well-positioned to benefit from BRICS membership. "Ethiopia already maintains strong relationships with several BRICS countries, having developed significant import-export ties with Russia, China and India. Ethiopia, given its population size, economic potential, and geopolitical significance, stands to benefit immensely from BRICS membership," he elaborated.

Source: Ethiopian News November 07, 2024 02:24 UTC