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Korea‚ Ethiopia hold summits‚ with economic cooperation in focus Updated: 2016-05-27 12:00:58 KST

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저작자 미상 (저작물 2267374 건)

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공표년도

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2016-05-27

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President Park and Ethiopian Prime Minister Hailemariam Desalegn sealed dozens of deals on Thursday. Among the agreements is a planned textile complex covering 100 hectares‚ or one square kilometer‚ expected to give Korean investors a competitive edge in production costs. "Ethiopia has a strong textile industry‚ with production costs that are about 30-percent of that in China. Korea's entry into the Ethiopian market will enable us to send exports to the U.S. and the EU without tariffs." Seoul will take a greater role in Ethiopian infrastructure projects‚ especially in transportation‚ power generation and urban development while sharing its knowledge in high value-added sectors like science and technology‚ energy‚ e-government and customs. Another highlight of the president's state visit is the launch of Korea Aid -- a new official development aid program offering food‚ health and cultural services. "In our bid to support Africa's ability to achieve its sustainable development goals for 2030‚ adopted at the UN last year‚ Seoul will launch Korea Aid‚ a comprehensive development project that covers healthcare‚ food and culture‚ leaving no area left behind." (Stand-up) "By taking an active role in supporting Ethiopia's Growth and Transformation plan Seoul reinforced its comprehensive partnership with the African country for mutual growth - paving the way to enter the continent‚ considered the last blue ocean market in the world. Song Ji-sun‚ Arirang News‚ Addis Ababa." Reporter : song@arirang.co.kr

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