By Zerihun Getachew
Ethiopia has given top priority to the kernel of the entire diplomacy, economic diplomacy, as the nation has one formidable enemy, poverty, said Ministry of Foreign Affairs (MoFA).
According to the ministry, economic diplomacy has been enabling the country to attract more investment, trade, and tourism among others.
In an exclusive interview with The Ethiopian Herald Ministry's spokesperson Ambassador Dina Mufti said that the major economic diplomacy framework aims at attracting investment from foreign countries, promoting massive Foreign Direct Investment.
It is also ensuring proper technology transfer, according to Dina.
Economic policies adopted by the government in the last two decades have played an instrumental role in developing the country's economy.
Ethiopia has become one of the ten fastest growing countries in the world. Its past tarnished image of poverty, backwardness and war is being gradually reversed, Ambassador Dina noted.
"We give emphasis to expanding the frontier of our relations to all corners of the world. In principle, as Ethiopia is part and parcel of the global community, it should have a vibrant tie with every country," he said.
He further said that nowadays the role economic diplomacy plays is immense. Recognizing this fact, economic diplomacy tops priority areas not only on Ethiopia's diplomacy orbit but also on all nations' diplomacy hubs.
Ethiopian diplomats are currently busy in speeding up the development of trade, the expansion of investment and the strengthening of relationships, he added.
They acquaint the country's potential investment alternatives to the global business community, Ambassador Dina said.
Ethiopia's trade link among different nations is gathering momentum.
But this is not enough given the nation's untapped and immense investment opportunities in the fields of agriculture, livestock, agro-processing, manufacturing, industry, construction and tourism, according to him
Source: AllAfrica
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