The Pakistani merchants have communicated their keen interest in purchasing tea and coffee from Ethiopia at prices that are within their budgets.
In a meeting with Ambassador Extraordinary and Plenipotentiary Jemal Beker Abdula, a delegation from the Federation of Pakistan Chamber of Commerce and Industry (FPCCI) and the Pakistan Tea Association emphasized the importance of improved connectivity, quality control mechanisms, and institutional links between the two countries.
The ambassador said that substantial effort was being put into developing connectivity and institutional links between the two nations in order to facilitate social, economic, and political collaboration. Quality control in Ethiopia was quite strict, so consumers could be confident that Ethiopian tea and coffee sent to other countries would be of the highest possible standard.
He also promised confidence-building measures for merchants so that business between the two nations might flourish. The diplomat suggested that Ethiopia might supply cheap tea and coffee to Pakistan.
He said that although Ethiopian tea is already imported via other means, the two countries were working on a number of agreements with the Pakistani Ministry of Commerce to increase commerce in a variety of sectors.
He said that his administration was opening up Ethiopia by implementing legal, institutional, and economic changes that would assure stability, ease of doing business, and a supportive environment for foreign direct investment (FDI).
During the course of the discussion, the ambassador made the following announcement: “Ethiopian Airlines will commence its operations in Karachi by the beginning of next year.”
He said that he had previously announced that a comprehensive business delegation from Pakistan would be traveling to Ethiopia in order to have a better understanding of the dynamics of the business environment there and to create business-to-business connections.
“There would be no loss for Pakistan businesses on visiting Ethiopia since this Ethiopia is a place of origin and coming back to your ancestral home will provide them at least a spiritual fulfillment and reconnection,” says the author. “There will be no loss for Pakistan businessmen on visiting Ethiopia.” H.E. Jemal Beker emphasized that the primary objective of Ethiopia’s embassy is economic diplomacy, which includes investment, commerce, the promotion of tourism, the transfer of technical knowledge, and the building of institutional ties between the two nations.
To this point, both governments have been working on a number of agreements that will be of great assistance in improving political cooperation, economic involvement, and person-to-person connections via the promotion of tourism.
The amount of money exchanged in bilateral commerce between the two nations is very low, coming in at 78 million US dollars; nevertheless, I have set a goal of increasing this amount to 300 million US dollars by the end of 2023. the ambassador is quoted as saying.
We have determined the goods that Pakistan would ship to my nation in the future as a result of our research. Rice, pharmaceutical goods, medical equipment, sports items, and building materials are all examples of things that may be sent to my nation by the Pakistani business community, which would then help the economic growth of Pakistan.
In addition, the government of Pakistan is in a position to import agricultural goods from Ethiopia at reasonable costs. These items include coffee, tea, pulses, oilseeds, and vegetables, and they will ultimately assist Pakistan in meeting the rising demand for edibles.
Above all else, Ethiopia is closely collaborating with the government of Pakistan on matters relating to climate change, which has lately resulted in a huge loss of life and economic activity throughout Pakistan and submerged one-third of the nation in water.
He said that the present administration in his nation has built a green economy by constructing agro-processing Centers and making use of technology to boost farm production.
To this end, the Pakistan Tea Association has communicated their desire to participate in a business trade delegation that is scheduled to take place in Ethiopia between the dates of 16-20 January 2023. The purpose of this delegation is to investigate the opportunities that are currently available in a variety of industries.
