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India, Ethiopia review bilateral ties

IANS  |  New Delhi 

Reflecting New Delhi's increasing engagements with Africa, and on Wednesday reviewed bilateral ties during the second Meeting headed by Swaraj and her Ethiopian counterpart Gebeyehu here.

"The discussions focused on building closer cooperation in areas of defence cooperation, lines of credit, human resource development, capacity building, trade and investment, cultural exchanges and enhancing people to people contact," the said in a statement.

"reiterated its commitments towards development partnership with

"The two sides also exchanged views on issues of mutual interest at regional and multilateral levels including cooperation at the and other international organisations," it said.

India-bilateral trade in 2016 stood at $1.37 billion, of which India's exports to Ethiopia were $1.30 billion and imports were $68.4 million, according to figures provided by the

An MoU between the Foreign Service Institute of and the was signed between the two countries after the conclusion of the meeting.

Indian companies are among the top three foreign investors in Ethiopia.

There are over 540 Indian companies in Ethiopia with licensed investment of over $4 billion of which about $2 billion is estimated to be on the ground, according to figures provided by the

--IANS

ab/vd

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, May 10 2018. 00:08 IST
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