ADDIS ABABA, May 12 (Xinhua) -- Ethiopia and China on Thursday held an investment and trade cooperation forum that aimed at further augmenting trade and economic ties. The China-Ethiopia Investment and Trade Cooperation Forum was co-hosted by the Chinese Embassy in Ethiopia, the Ethiopian Investment Commission (EIC) and the Investment Promotion Agency of the Ministry of Commerce of China in Addis Ababa, the Ethiopian capital. During the forum, a Memorandum of Understanding (MOU) on Investment Cooperation was signed between the two countries, which will serve as a new cooperation mechanism to promote investment cooperation and inject new impetus to the collaboration of the two countries. Senior Chinese government officials also took part in the high-level investment and trade forum virtually from China. "I am confident that, the signing of the MoU today to promote investment cooperation will create a new cooperation mechanism and inject new impetus to our collaboration," the ambassador said.

Source: Ethiopian News May 12, 2022 22:41 UTC