I recommend the Ethiopian market - President

The Ethiopian market is promising and worth a closer look. I recommend considering it as an investment site, President Andrzej Duda said on Tuesday in Warsaw after talks with visiting Ethiopian state head Mulatu Teshome Wirtu.

Duda told a press conference held together with the Ethiopian president that Polish enterprise was already present in Ethiopia. In this context he recalled that in early May of last year he had paid a visit to Ethiopia, where he inspected a factory that produces Polish Ursus tractors and spoke with officials from the Polish Asseco company, which is carrying out government-contracted IT projects in Ethiopia's energy segment.

He added that economic cooperation was among the major topics of his talks with Mulatu Teshome Wirtu.

"Polish enterprise is present in Ethiopia, and these economic ties were discussed at great length during our face-to-face talks and at the plenary session," Duda announced. He added that he often recommends Ethiopia as a worthwhile investment market during meetings with Polish entrepreneurs.

Duda stressed that although Ethiopia is not a wealthy country, its growth rate is among the highest in the world.

"Ethiopia is not yet a wealthy country, but it is a very rapidly growing one, one of the fastest-developing countries in the world. This means that Ethiopians are also becoming wealthier, which makes the country a very promising and interesting market," the president observed.

Duda recalled that during his 2017 visit to Addis Ababa, the seat of the African Union, he canvassed support for Poland's candidacy as a non-permanent member of the UN Security Council. He stressed that the African votes were one of the reasons behind Poland's high support for the Security Council seat.

The presidents also discussed the December-scheduled COP24 climate summit in Katowice, southern Poland, to which Duda invited the Ethiopian head of state.

The Ethiopian president observed that diplomatic ties between his country and Poland had picked up visible considerably after Duda's visit last year, and stressed that this created a good climate for economic cooperation and investment.

He added that Ethiopia was most interested in developing pharma, processing and light industry as well as agriculture and food production.

President Mulatu Teshome Wirtu is in Poland on a two-day visit. In Warsaw he is also scheduled to meet Polish Prime Minister Mateusz Morawiecki, Upper House speaker Stanislaw Karczewski and Polish business people.