Footwear Industrial Promotion Center with the Busan Economic Promotion Agency (BEPA) announced it will launch footwear production capacity building project in Ethiopia with 10 million US dollar provided by South Korea Official Development Assistance (ODA).
Ethiopian Ambassador to South korea, Dessie Dalkie, attended the footwear production capacity building project kickoff and MOU signing ceremony organized by Busan metropolitan city and BEPA footwear Industrial Promotion Center in Busan, South korea, according to the Ministry of Foreign Affairs.
He recalled the longstanding historical relationship between Ethiopia and South Korea.
Moreover, he emphasized the significance of this relationship and its potential to be strengthened through economic exchange and political relations.
The project is critical to enhance the productivity and effectiveness of local footwear industries in Ethiopia, the ambassador underlined.
He also stressed comparative advantages in Ethiopia due to its youth work force and inputs, making the country an attractive destination for foreign investment particularly for leather and leather products industry.
Finally, the Ethiopian Embassy in Korea and the BEPA Footwear Industrial Promotion Center signed MOU to strengthen cooperation and friendly relations between the Republic of Korea and Ethiopia.
Source: Ethiopian News Agency