ADDIS ABABA, May 20 (Xinhua) -- The upcoming China-Africa Economic and Trade Expo will be an impetus for strengthening Ethiopia-China economic ties and advance the East African country's strive for industrialization, an Ethiopian official has said. Deputy Commissioner of the Ethiopian Investment Commission (EIC) Daniel Teressa said Ethiopia envisaged to take the expo as an opportunity to promote cooperation with China on investment, economy and trade. "The Ethiopian Investment Commission and Ethiopian companies engaged in different economic sectors and businesses will be attending this expo," he confirmed. "Ethiopia's economy is majorly dependent on agricultural sectors and now we are working aggressively on transforming this agriculture-based economy into industry-based and service-based economy," Teressa said. "The engagement that our domestic companies will have with Chinese companies (at the expo) will enhance this reform of privatization and opening up of different economic sectors," he said.

Source: Ethiopian News May 20, 2023 19:46 UTC