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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 ...
Name (English) Name (Chinese) Tenure begins Tenure ends Note Wang Yimu: 王一木: February 1971: 11 May 1971: Yu Peiwen: 俞沛文: May 1971: 17 July 1974: Yang Shouzheng: 杨守正: December 1974: 3 August 1977: Wang Jinchuan: 王锦川: November 1977: January 1981: Zhao Yuan: 赵源: November 1982: 2 June 1985: Zhang Ruijie: 张瑞杰: July ...
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'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.
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In energy and resources, Ethiopia has abundant natural resources that generate 60,000 MW of electric power from hydroelectric, wind, solar and geothermal sources from different major rivers, the Blue Nile, Awash, Shebelle, Omo, and Gilgel Gibe River. Tourism is the most popular economic sector impacting the GDP growth.
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%.
The Hawassa Industrial Park, inaugurated on 13 July 2016, [3] is a government-funded project in Ethiopia, specializing in the textile and garment industry. [4] [5] During the opening ceremony, Prime Minister Hailemariam Desalegn described the industrial park as an important step towards Ethiopia's goal of becoming a leading manufacturing hub in Africa. [6]