Rwanda, Ethiopia vow to strengthen trade ties

The Minister of Trade and Industry, Francois Kanimba, yesterday signed a cooperation agreement in trade with his Ethiopian counterpart, Kebede Chane.
Trade and Industry minister  Kanimba (L) signs the agreement with Ethiopia’s Chane. The New Times/Courtsey
Trade and Industry minister Kanimba (L) signs the agreement with Ethiopia’s Chane. The New Times/Courtsey

The Minister of Trade and Industry, Francois Kanimba, yesterday signed a cooperation agreement in trade with his Ethiopian counterpart, Kebede Chane.

The agreement, that  was signed on the sideline of the AGOA meeting that ended in Addis Ababa yesterday, is aimed at further cementing ties and to enhance trade between business communities of the two countries.

AGOA is the African Growth Opportunity Act, a platform that aims to enhance trade between African states and the United States.

“This agreement is only formalising a framework for investment opportunities and trade between our two sister countries. I am confident that this will see significant increase in trade and business between Rwanda and Ethiopia,” Kanimba is quoted as saying in a statement from the Rwandan mission in Addis Ababa.

The trade agreement is a foundation document and framework that guides and encourages trade and investments between Rwanda and Ethiopia, according to the statement.

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