Turkey seeks preferential trade deal with Ethiopia
Bilateral trade is rising, Turkish ambassador to Ethiopia tells Anadolu Agency
ADDIS ABABA, Ethiopia
As bilateral trade between Turkey and Ethiopia hits $650 million and the two countries plan to boost the figure to $1 billion a year, Turkey indicated the need for a preferential trade agreement.
“Trade between Turkey and Ethiopia is rising,” Turkish Ambassador to Ethiopia Yaprak Alp said, adding: “But we need to make sure it'd balanced trade; we want Ethiopia to win as much as Turkey is winning.”
Speaking to Anadolu Agency, she said: “We need a preferential trade agreement where tariffs will be lowered and, in some cases, abolished; where we can have more trade; where we can import more coffee and sesame from Ethiopia.”
According to her, negotiations to establish a preferential trade pact between the two countries started in 2017.
“We were asking Ethiopia to sit down, let’s start negotiations and make sure that it's a win-win situation for more trade,” she said.
Ethiopian Foreign Minister Demeke Mekonnen, who is also the country’s deputy prime minister, on Monday started a two-day official visit to Turkey. He already inaugurated a new building to house the Ethiopian Embassy in the capital Ankara.
Ethiopia mostly exports agricultural commodities and goods to Turkey while importing industrial and pharmaceutical products from Turkey.Anadolu Agency website contains only a portion of the news stories offered to subscribers in the AA News Broadcasting System (HAS), and in summarized form. Please contact us for subscription options.