The 13th Ethio-Chamber International Trade Fair kicked of this afternoon in Addis Ababa with the objective of promoting import substitution and export trade in Ethiopia under the motto “Buy Ethiopian Invest in Ethiopia.”

More than 250 foreign and local firms have been participating in this 5–day international trade fair.

Most of the participating foreign firms are engaged in manufacturing, agriculture, supply of various raw materials and technologies to local industries in Ethiopia.

Strengthening linkage between various business actors, facilitating technology and knowledge transfer and sharing of experiences to enhance competitiveness of local industries is the overall objectives of the trade fair organized by the Ethiopian Chamber of Commerce and Sectoral Associations.

It also aims at fostering domestic manufacturing industries in Ethiopia through the promotion of local production to the level of international standard.

The trade fair is expected to help provide notable contributions to the efforts being carried out by the government and chamber to strengthen import substitution and export trade.

The Ethiopian Chamber of Commerce and Sectoral Associations said that 60 percent of the local participants the Trade Fair are large enterprises, while the remaining 40 percent are medium and small enterprises.

Source: Ethiopian News Agency