Ethiopia urges AU Member States to step up efforts to Boost Intrastate Trade

ADDIS ABABA – The Deputy Prime Minister and Foreign Minister of Ethiopia, Demeke Mekonnen, said African Union member states should redouble their efforts to industrialize and boost intrastate trade.

The minister is attending the AU Extraordinary Summit on Industrialization and Economic Diversification in Niger’s capital Niamey.

Speaking at the Summit today, the Deputy PM noted that industrialization determines whether Africa can transform its natural endowments into tradable products or depend on imported products from outside.

Demeke who underscored the importance of allocating necessary resources to kick-start industrialization in the continent and transform the economy also called AU member states’ determination to change the visions into implementable actions.

Ethiopia implemented a Home-grown economic reform program with the sole purpose of creating a conducive economic environment for the private sector by removing structural redtapes level of industrial policies in the past few years with impressive results, Demeke elaborated.

He also said Ethiopia threw its weight behind the AU’s initiative to industrialize the continent.

Attendants at the Summit said indusalization is not an event but a process and Africa has all the assets for job creation and industrialization.

The post Ethiopia urges AU Member States to step up efforts to Boost Intrastate Trade appeared first on Ethiopian Monitor.

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