LIBERIA WANTS TO LEARN FROM ETHOIPIA’S EXPERIENCE IN PROMOTING INVESTMENTS

ADDIS ABABA, Liberia wants to learn from Ethiopia's rich experience in creating a conducive environment for investors, according to Liberian President Ellen Johnson Sirleaf who is on a three-day visit to Ethiopia.

Speaking during her visit to the Hawassa Industrial Park in southern Ethiopia on Wednesday, she voiced her appreciation for Ethiopia's efforts in attracting local and domestic investors by developing industrial parks across the country.

The investment incentives provided by the government to attract investors to the industrial parks are strong while the training given to investors to develop their leadership skills in doing business demonstrates the country's far-sighted journey in industrial development, she added.

"Liberia is country which is embarking on developing industrial parks; therefore, it wants to share from Ethiopia's experience in the sector," she said, adding that Liberia wished to work closely with Ethiopia, whose economic growth exceeds that of Liberia's.

According to President Sirleaf, Liberia is one of the top rubber producers in Africa and wants to work with Ethiopia to supply the commodity to the footwear industry in Ethiopia. In return, Liberia is keen to utilize Ethiopia's livestock resources and their products.

She said technical and vocational education, health, livestock and fishery resources development are among future areas of co-operation while assuring that the two countries will work together to enhance trade and investment that would strengthen trade integration among African countries.

Source: NAM NEWS NETWORK