Ethiopia and Turkey sign 5 cooperation agreements

Ethiopia and Turkey signed five cooperation agreements in the Ethiopian capital Addis Ababa on Wednesday, setting out mechanisms to facilitate more trade between the two countries.

Turkish Economy Minister Nihat Zeybekci and heads of Ethiopian agencies had signed the agreements.

"Both sides agreed to mutual cooperation in the fields of energy, mining and hydrocarbon," the agreement said.

Turkey will cooperate with relevant Ethiopian institutions to upgrade their skill sets in geothermal and coal field surveys.

Turkey also agreed to provide technical support to build the capacity of Ethiopia's small-and-medium enterprises.

Also, "both sides agreed to strengthen the technical and capacity building cooperation between the Ministry of Industry of Ethiopia and the Ministry of Economy of Turkey to strengthen the manufacturing sector's productivity, competitiveness and export capacity," the agreement said.

The Ethiopian Broadcast Corporation also signed a cooperation agreement with the Turkish Radio and Television Corporation.

The two countries also agreed to "enhance their efforts to promote their products in each other's markets, establish a sustained mechanism for the exchange of trade and investment information, and narrow trade imbalances."

Anadolu Agency