Exchange of expertise in oil and minerals fieldsEthiopian-Yemeni trade partnership boosted [Archives:2004/720/Business & Economy]

March 15 2004

Mahyoub Al-Kamaly
A group of businessmen from Yemen, Ethiopia and Sudan is to meet in Sana'a in April to boost trade and investment relations.
During a recent visit to Sana'a by Ethiopian Minister of Mines, Yemen and Ethiopia agreed to consolidate cooperation and exchange of expertise in the field of oil, gas and minerals as well as some industrial products.
The meeting that included Minister of Oil and Minerals of Yemen, Rashid Barabah, and his Ethiopian counterpart, Mahmoud Dureir, discussed the possibility of the two countries benefiting from their expertise in oil and minerals, and helping Yemeni companies invest in Ethiopia, to in turn provide Yemen with technical expertise in the field of minerals.
Chairman of the General Union of Yemeni Commercial Chambers Mohammed Abdeh Saeed emphasized the Ethiopian idealistic investment climates and their geographical proximity to Yemen, pointing to the privileges of investment laws in both countries.
Commissioner of the Ethiopian investment commission said the depth of Yemeni-Ethiopian relations would help develop investment and trade relations of the two countries.
The Ethiopian commissioner said his country would offer Yemeni investors facilities and various and distinguished trading opportunities covering marketing, customs exemptions and cheap skilled labour.
The two parties agreed on taking common steps, and the two sides also stressed their keenness on developing trade relations and exchange of technical expertise in various areas.