Ethiopia and Brazil have signed investment cooperation and facilitation agreement following the first Ethio-Brazil bilateral consultation meeting today.
Foreign Affairs State Minister Hirut Zemen co-signed the agreement with her Brazilian counterpart Ambassador Fernando Jose Marroni De Abreu.
State Minister Hirut said on the occasion the two countries share many similar things in common including south-south cooperation.
The countries have inked about 10 agreements and MoU to further boost bilateral cooperation on various areas.
She added that "we are hopeful that the discussion held today in terms of expanding investment, trade and cooperation in the agricultural sector will come to fruition."
According to Ambassador Marroni De Abreu, Brazil and Ethiopia have a long-standing cooperation in economic, cultural and social sectors that they can further consolidate.
He added that the Brazilian delegation had a very fruitful discussion about various issues, projects being implemented mainly in agriculture, forestry and acidity of soil, as well as regional and global challenges.
The Ambassador appreciated Ethiopia's effort in peacekeeping and the negotiations with Egypt and Sudan.
Diplomatic relations between Ethiopia and Brazil date back to the 1950s.