Aug 21 , 2023
Exporters and researchers met with enterprise officials from China last week to promote partnerships and explore trade opportunities amid the resurgence of the Belt & Road Initiative (BRI). Deputy Minister of Finance of China, Min Liao urged Ethiopian researchers to develop robust policy recommendations and effectively address the investment challenges in Ethiopia, such as capital, banking, governance, and security issues. Netsanet Jote (Phd), a lead researcher at the Ethiopian Policy Studies Institute, highlighted infrastructure development as the main benefit of the Belt & Road Initiative (BRI). She pointed out significant investments in transportation and energy sectors, such as the Addis Abeba-Djibouti railroad, which improved connectivity and trade and supported Ethiopia's hydropower projects enabling the country to become a regional exporter of clean energy. The initiative helped expand export markets, attract foreign investment, develop industry and promote education and training programs in China. Melaku Mulualem of the Institute of Foreign Affairs stated that the Anti-Counterfeiting Trade Agreement (ACTA) is in development to allow China's participation in free trade, with an expected maturity date of 2024.
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