Ethio-Hungary Business Forum opens in Addis Ababa

hungaryThe Ethio-Hungary Business Forum opened on April 12, 2016 at InterContinental Hotels in Addis Ababa. The forum is attended by high level government officials, diplomats, representatives of the business sector of both countries, and invited guests.

Opening the Forum, Hungarian Minister of Foreign Affairs and Trade, Mr. Pe’ter Szijjarto’, noted Hungary has recently reformed its foreign policy, giving the priority to economic cooperation. And as Africa is emerging, the Foreign Minister underscored that his country is keen to forge trade and investment ties with this continent. In Africa, he stressed, “Ethiopia is our most important partner,” adding that Ethiopia has one of the best performing economies in the world today. Accordingly, he noted Hungary has opened a trade relations office in Addis Ababa and the Hungarian Embassy in Addis has been discharging the task of creating economic ties with Ethiopian partners. He further said Hungary is ready to strengthen business and investment relations with Ethiopia. Hungary is ready to transfer technologies in areas including pharmaceuticals, medical equipments, digital and electronic communication, food processing, water technology, and higher education, he added.

Mr. Elias Geneti, President of the Addis Ababa Chamber of Commerce and Sectoral Organizations welcomed the Hungarian delegation and said Ethiopia would like to build credible, valuable, and reliable business partnerships. He added Ethiopia is doing everything possible to make sure that the country offers enabling trade and investment environment.  As much as the country wants the foreign delegation to come to Ethiopia, it’s working to guarantee the investments coming base on a lasting ground. The investment forum also includes presentations about investment and trade potentials and opportunity sectors in both the countries, and B2B sessions. The two sides also signed an MOU to facilitate investment and business ties, trade and business information sharing; and build links between the business community of both nations.