Rwanda and Ethiopia have signed a cooperation agreement in trade as a way of creating investment opportunities between the two countries.
The agreement was signed by Rwanda’s Minister for Trade and Industry, Francois Kanimba and his Ethiopian counterpart, Kebede Chane, alongside the AGOA meeting that ended in Addis Ababa, Ethiopia on August 15 which was aimed at further cementing ties and to enhance trade between business communities of the two countries.
The trade agreement is a foundation document and framework that guides and encourages trade and investments between Rwanda and Ethiopia, according to the statement.
Rwanda’s Minister for Trade and Industry, Francois Kanimba said: “This agreement is only formalizing a framework for investment opportunities and trade between our two sister countries. I am confident that this will see significant increase in trade and business between Rwanda and Ethiopia”
AGOA is the African Growth Opportunity Act, a platform that aims to enhance trade between African states and the United States.