Korean delegation to visit Ethiopia to help lay basis for more trade

YarnsandFibers News Bureau 2015-12-02 15:30:00 – Africa

An economic delegation of South Korea that includes 37-person, made up of government officials and businessmen, would be visiting Ethiopia and the Ivory Coast to help lay the basis for more trade and industrial cooperation, said the Korean Ministry of Trade, Industry and Energy.

Lee Sang-Jin, Director General at the Ministry of Trade's Cooperation Office, said that during the visit, leaders from the Korea Federation of Textile Industries would meet Ethiopia's President to discuss future investment plans.

He also said that Lee Sang-Jin has planned to ask his Ethiopian counterparts to allow South Korean companies to take on a greater role in the Bole Lemi 2 industrial park project.

South Korean company involvement in the park could spur exports of machinery and spare parts as well as other areas of manufacturing.

The Bole Lemi Industrial Zone is the only government owned Industrial Park. The 139 million Birr consultancy contract for phase two of this project was signed between the Ministry of Industry and DOHWA Engineering Co. Ltd. on April 1, 2015.

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