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Today's Addis Facts Ethiopian News about Abadula Gemda and Takele uma

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Today's Addis Facts Ethiopian News about Abadula Gemda and Takele Uma National member organizations of the Ethiopian People’s Revolutionary Democratic Front (EPRDF) have expressed their support for the fruitful deliberations of the 13th TPLF Congress and pledged to vigilantly pursue the reform underway in the country. Speaking at the opening of the TPLF Congress today, the Amhara National Democratic Movement (ANDM) representative said the 13th TPLF Congress is timely to bring to the fore youth leadership, sustain the ongoing reform, and deepen relations with neighboring Eritrea. The Amhara and Tigray people have the history of defending against and becoming victors over oppressors, he said, adding that “the relation between the people is beyond geography and cultural proximity.” Representative of the Southern Ethiopia People’s Democratic Movement (SEPDM) on his part appreciated the people of Tigray and TPLF for their strong determination in the fight against the dictatorship and for the realization of democracy and development. The Representative added that the Congress is expected to come up with resolutions that have positive impact in accelerating national progress. The Oromo Democratic Party (ODP) representative hoped that the Congress will set directions and bring the youth to leadership. Furthermore, he pointed out that the Congress should give due attention to the consolidation of the recently reached peace deal with neighboring Eritrea. Besides ODP, ANDM and SEPDM, opposition political parties as well as South Africa’s ANC and CCP of China among others have wished participants of the 13th TPLF Congress success Saying the nation has many areas that Thai companies engage, he highlighted the potential in the agricultural sector. “Ethiopia has a big potential of agricultural products that can be exported to Thailand and should be exponentially taped,” he added. He also said that the country provides attractive incentives for companies that engage in the country. “The Ethiopian government offers encouraging and attractive business incentives and packages including tax holidays and tax free import,” he said. Director-General of Business Diplomacy at Ministry of Foreign Affairs, Mesfin Gebremariam said that companies will have a competitive advantage if they invest in Ethiopia, due to its potential and location. “Our country has a lot of comparative advantage due to massive agricultural resources and affordable and trainable labor. Textile and leather sub-sectors are good representations in this regard,” he pointed out. Stating that the trade relation between Thailand and Ethiopia is still low and it is not up to the expectations of the two nations; he said “trade and investment relations should be further strengthened for mutual benefit of our nations.” The total trade volume between Thailand and Ethiopia is 400 million USD between 2012 and 2017, of which Ethiopia imported goods worth of 370 million USD and exported 45 million USD. He mentioned projects that the government has been engaged in creating conducive environment for investment by improving infrastructure network saying that the nation allocates close to 60 percent of its budget to capital expenditure of which the majority is devoted to roads and railways. He said “investors find conducive business environment, sound economic policies, macro-economic stability, abundant natural resource, trainable workforce, low cost energy, sizable and captive market, and above all the government is facilitative.” Thai Permanent Representative to UN Environment and UN-Habitat, Ambassador Cherdkiat Atthakor said “Ethiopia is a potential market and we need our business people to explore including the whole east Africa.” Furthermore, Ambassador Atthakor stated that this is a good opportunity for the Thai business people in exploring in countries with potential market like Ethiopia. Ethiopia imports automobile spare parts, machinery, rice, and edible oil while exports agricultural products to Thailand. The relationship between Ethiopia and Thailand has flourished since the establishment of diplomatic relations in 1960 and measures has been taken to further strengthen cooperation in health and investment .

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