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China's bilateral relationship with Ethiopia is one of its most prioritized in Africa and China believes Ethiopia is particularly significant in peace and security within east Africa. [ 3 ] : 109 Relations are longstanding, with Chinese direct investment (FDI) in Ethiopia reaching US$4 billion and bilateral trade growing to $5.4 billion by 2016 ...
To underscore the importance of its relationship with China, Ethiopia sent its acting and acting Minister of the Ethiopian People's Revolutionary Democratic Front, Seyoum Mesfin, in early 2011 as its ambassador to Beijing. [9] Girma Wolde-Giorgis: Wen Jiabao: August 2017 August 2017 Berhane Gebre-Christos [10] Mulatu Teshome: Li Keqiang ...
Ethiopia's economy is ranked 159th place out of 190 countries in 'Ease of doing business'. [35] Ethiopia is also a part of African Continental Free Trade Area, Common Market for Eastern and Southern Africa, Intergovernmental Authority on Development, and the G24, and has observer status at the World Trade Organization.
Between 1960 and 1970, Ethiopia enjoyed an annual 4.4% growth rate in its per capita and overall gross domestic product (GDP). There was an increase in the manufacturing growth rate from 1.9% in 1960–1961 to 4.4% in 1973–74, with the wholesale, retail trade, transportation, and communication sectors increasing from 9.5% to 15.6%.
Food processing industry is the second largest sector in Ethiopia after agriculture. In 2009/2010, it accounted for 39% of gross value of production in medium and large sized manufacturing, employing 1 million people that comprises about 2% of overall economic activity.
The city covered 29% of Ethiopia's GDP (59.5 Billions $ in 2024) and 20% of national urban development as of 2022. Commercial Bank of Ethiopia in Addis Ababa Meanwhile, youth unemployment, lack of sufficient infrastructure in transport and poor housing, and sanitation management have appeared as core problems.
The Ethiopia Commodity Exchange (ECX) is a commodities exchange established April 2008 in Ethiopia. In Proclamation 2007-550, which created the ECX, its stated objective was "to ensure the development of an efficient modern trading system" that would "protect the rights and benefits of sellers, buyers, intermediaries, and the general public."
Ethiopia exports to the EU represented 26% of worldwide exports in 2016 followed by Somalia (14%), Kuwait (13%) and China (8%) in terms of export destination. Import of Ethiopia consisted of 12% from the EU, behind China (26%), ahead of India (6%) and Kuwait (5%). This has been compared from the year 1992 to 2014 EU investment totaling over 2 ...