Ethiopia and Brazil sign MoU to promote bilateral trade and investment
Ethiopia and Brazil signed a Memorandum of Understanding to promote bilateral trade and investment today (March 08, 2016) in Addis Ababa. The signing of the MoU was made between Ethiopia's Minister of Foreign Affairs, Dr. Tedros Adhanom and his Brazilian counterpart, Ambassador Mauro Vieira.
In the event, Dr. Tedros noted the historic relationship between Ethiopia and Brazil and hoped that this relationship would strengthen in the future. He added the two countries should cooperate more on areas of trade and investment, particularly in the fields of aircraft and pharmaceutical cooperation, and automobile manufacturing. Dr. Tedros then briefed the delegation on Ethiopia's efforts in the region and its role as IGAD's Chair in the process of promoting regional peace and stability. Expressing the country's long standing commitment and active role in the UN and African peace keeping operations, Dr. Tedros also related Ethiopia's bid for a non permanent membership at the UNSC and called for Brazil's endorsement. Ambassador Mauro Vieira thanked the Minister for having him and stated both countries have significant roles to play in their respective regions. Ambassador Vieira said the two countries should continue working on areas of trade and investment, noting that the Ethio-Brazil business seminar should be seen as the first step towards a higher level of business and investment partnership. He further commended Ethiopia's immense role in the peace keeping process and its peace and development efforts in the region.