Ethiopia, Turkey sign science and technology agreement

Turkey and Ethiopia sign agreement
Turkey is the 15th largest economy in the world and one of the fastest growing.
Turkey and Ethiopia sign agreement
Turkey is the 15th largest economy in the world and one of the fastest growing.

By Merga Yonas, Reporter

The Ministry of Science and Technology (MoST) and the Turkish government yesterday signed at the Addis Ababa Hilton a Memorandum of Understanding (MoU) on the development of research projects, the dissemination of the results of the projects and exchange of scientists.

The agreement was signed in the presence of Junedin Sado, minster of MoST and Ali Riza, the ambassador of Turkey to Ethiopia.

The ministry has previously signed a similar agreement with the governments of Switzerland, Egypt and Israel and plans to do the same with the governments of Japan, China, South Korea, South Africa and Brazil, countries which are registering sharp growth in science and technology, Junedin told journalists on the occasion.

The agreement comprises the exchange of researchers, technologists and specialists from both countries. It also covers the organization of meetings, conferences, symposiums and trainings. Exchange of equipment that assist the innovation of new ideas in science and technological is further provided for in the agreement.

Turkey is the 15th largest economy in the world and one of the fastest growing. Turkish investment in Ethiopia is increasing from time to time, not only in terms of capital transfer from their investors, but also in creating employment opportunity and technological transfer via Foreign Direct Investment (FDI), Junedin said during the signing of the agreement.

The Ministry expects mutual cooperation with Turkey in the development of science and technology as those already under way in investments in industry and agriculture. The cooperation is aimed at harnessing the scientific knowledge of the two countries to promote technological advancements.

Turkish investors are involved in various development sectors of Ethiopia. The government of Turkey has allotted a total investment of about USD 800 million for Ethiopia. This will allow Turkish investors to broaden their investment in industry, agriculture and technology, Mr. Riza said in his speech.