Ministry of Finance hosts Ethiopian delegation

Obaid Humaid Al Tayer, Minister of State for Financial Affairs, received a delegation from Ethiopia at the Ministry of Finance headquarters in Abu Dhabi.

The meeting was held to discuss investment opportunities and economic cooperation between UAE and Ethiopia. The agreement on the avoidance of double taxation on income signed by both countries earlier in April was revisited and both parties agreed that it was important for future investments. Representatives from both countries were keen on signing an investment promotion and protection agreement by 2016. Earlier in March, UAE and Ethiopia signed two Memorandum of Understandings (MoU), to establish a joint committee for cooperation in economic, policy and social areas.