Manufacturers in Industrial Parks to Access Brazil’s Market

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An agreement was reached to allow manufacturers in Ethiopian industrial parks access the market in Brazil, the administrator of the IPs says.

The agreement will also pave the way for Brazilian companies to invest in industrial parks, according to the Industrial Park Development Corporation (IPDC).

IPDC CEO Aklilu Tadesse held a discussion with Jandyr Ferreira Dos Santos, the Ambassador of Brazil to Ethiopia.

The two sides exchanged ideas on the details of how to strengthen the relationship between Ethiopia and Brazil through investment and related issues, per IPDC’s statement.

“Thus, they reached an agreement to allow Brazilian investors to produce in industrial parks and manufacturing companies located in industrial parks to be able to sell their products in the Brazilian market,” the statement reads.

A business forum involving various stakeholders will be jointly prepared, per IPDC.

The latest development comes a couple of months after a visit by Brazilian Foreign Minister Mauro Vieira to Ethiopia.

Vieira discussed ways to enhance bilateral relations with Prime Minister Abiy Ahmed and his counterpart Demeke Mekonnen in Addis Ababa.

Source : Ethiopian Monitor