Addis Ababa: State Minister of Industry, Hassen Mohammed stressed the need for exploiting Ethiopian and Indian comparative advantages in the chemical industry and trade through cooperation.
A forum that aimed at creating cooperation between Ethiopian and Indian chemical manufacturers, buyers as we as sellers was held.
Given the government’s priority, the country has been becoming an attractive destination for chemical trade.
In this regard, Ethiopia’s chemical industry is diverse and demands chemicals for food, beverage and textiles.
Speaking at the occasion, the state minister said that the forum was vital to open doors for cooperation between the two countries and the development of the manufacturing sector.
Moreover, the growing business partnership between the Indian chemical industry and the Ethiopian market will be a big step forward, Hassen indicated.
Besides, strengthening the economic ties between Ethiopia and India, the forum intended to adjust the imbalance between Indian chemical products an
d Indian exporters in the Ethiopian chemical market, he revealed.
Finally, the state minister stated that the discussion will increase the market linkages of the two countries by strengthening partnerships and creating mutual relations.
India is the second largest foreign investment in Ethiopia following the east African nation has been a favorite destination for Indian companies.
More than 650 Indian companies are registered with Ethiopian Investment Commission (EIC), it was indicated.
Source: Ethiopian News Agency
WINDHOEK: The Ministry of Labour, Industrial Relations and Employment Creation (MLREC), recently launched the National Coordination Mechanism (NCM) on Decent Work in the Namibian Fisheries Sector in collaboration with the International Labour Organisation (ILO).
The event was held in Walvis Bay and was accompanied by a business forum on advancing decent work in the Namibian Fisheries Supply Chain.
In a media statement issued by the MLREC on Friday, the NCM was established to ensure compliance with international labour standards, particularly within the fishing sector which is recognized as a cornerstone of the nation’s economy, employing thousands and significantly contributing to international trade. However, it faces challenges related to decent work, safety, skills development, and issues of illegal fishing.
Furthermore the statement said key achievements and initiatives were highlighted during the launch, including the ratification of international labour instruments, aimed at promoting decent work in
the fisheries sector, while efforts under the Sustainable Supply Chains to Build Better, supported by the European Union (EU) and ILO, were commended for addressing challenges and opportunities in the fisheries supply chain.
The statement further read that members of the NCM were appointed through tripartite nominations and will serve for a period of five years, with a mandate to support and coordinate the full implementation and enforcement of Convention No. 188.
This mechanism will consult and make recommendations to relevant ministries, monitor progress, and provide advice to ensure compliance with international labour standards, it concluded.
Source: The Namibia Press Agency