Addis Ababa — Since Turkey opened its Embassy in Ethiopia in 1926, the political, economic and cultural ties of the two nations has been growing fast, Ambassador Yavuzalp, who is also Permanent Representative to the AU, told WIC.
He added that Ethiopia is a strategic and reliable partner to Turkey in the economic sector in particular.
“Ethiopia is our main destination for investment not only in Africa but also in the world. Of Turkey’s 50 investment destinations in the world, Ethiopia stood fifth,” he noted.
The participation of President Dr Mulatu Teshome at the business forums held recently in Turkey and the discussion he held with his Turkish counterpart would further cement the existing excellent economic cooperation between the two countries, he said.
Moreover, the daily flights of Turkish Airlines from Istanbul to Addis Ababa would have a great contribution in strengthening the current economic tie between both countries, he said.
Turkey is the leading investor in Ethiopia with 148 companies engaged in various sectors, he said, citing Ayka Addis Textile and Investment Group plc as a case in point. Similarly 15 Ethiopian companies are operating in Turkey.
According to Ambassador Yavuzalp, the Turkish firms that have been operating in Ethiopia have created job opportunities for about 30,000 Ethiopians.
Regarding trade volume, he said the trade volumes between the two nations had reached close to 3 billion US dollars.
As part of the efforts to strengthen cultural ties and people-to-people relations of the two countries, Turkey will open Turkish language study center at the Addis Ababa University in the near future, he said.
Regarding security cooperation, Ambassador Yavuzalp said Turkish and Ethiopia are on the same side in counter terrorism efforts.
He also praised Ethiopia’s role under the African Union Mission in Somalia (AMISOM) in the fight against Al-shabaab.