A high-level Ethiopia-Belgium-Luxembourg Trade and Investment Forum kicked off today in Addis Ababa, bringing together key stakeholders to explore and strengthen bilateral trade relations and unlock new investment opportunities between Ethiopia and the BENELUX nations.
The forum gathered key stakeholders from both regions, emphasizing the potential for collaboration across various sectors.
In his opening remarks, Ethiopian Minister of Finance Ahmed Shide highlighted the growing bilateral and multilateral cooperation between Ethiopia and Belgium, as well as Luxembourg.
He pointed out that the ongoing macroeconomic reforms in Ethiopia are paving the way for increased trade and investment opportunities. "We invite you to invest in sectors such as agriculture, mining, manufacturing, ICT, and industry," he urged participants, outlining the diverse avenues available for foreign investment.
State Minister of Industry Hassan Mohamed echoed these sentiments, noting that Ethiopia is actively modernizing its industrial sector.
He expressed optimism about collaborating with Belgian and Luxembourgish companies that possess extensive expertise in critical areas like manufacturing, chemical production, and steel engineering. "Our goal is to leverage your experience to enhance our industrial capabilities," he stated.
Ethiopian Investment Commissioner Zeleke Temesgen reassured attendees of the commission's unwavering support for Belgian and Luxembourgish investors looking to establish operations in Ethiopia. He emphasized that investment could take various forms, including sole proprietorships or joint ventures, thereby encouraging a flexible partnership approach.
Belgian Ambassador to Ethiopia Annelies Verstichel underscored the historical significance of the diplomatic relations between Ethiopia and Belgium, which have lasted over 120 years.
She expressed hope that the forum would strengthen these ties through increased trade and investment collaboration.
The event was organized through a collaborative effort involving the Ethiopian Embassy in Brussels, the Belgian Embassy in Addis Ababa, and the Chamber of Commerce, Industry, and Agriculture for Belgium, Luxembourg, Africa, the Caribbean, and the Pacific (CPL-ACP). Participants included government officials, business leaders, and investors eager to explore the promising landscape of Ethiopian commerce.