Monday, 27 September 2021 05:30 GMT

Turkey, Ethiopia’ trade reaches USD650M

(MENAFN)While joint trade amid Turkey and Ethiopia stood at USD650 million and both countries aim to improve the amount to USD1 billion a year, Turkey highlighted the need for a preferential trade deal.

Ethiopia Yaprak Alp quoted Turkish Ambassador as saying that “Trade between Turkey and Ethiopia is rising,” “But we need to make sure it'd balanced trade; we want Ethiopia to win as much as Turkey is winning.”

“We need a preferential trade agreement where tariffs will be lowered and, in some cases, abolished; where we can have more trade; where we can import more coffee and sesame from Ethiopia,” she further stated, according to Anadolu Agency.

Negotiations to set a preferential trade pact amid both countries started in 2017, she added.

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