Ambassador Nebiat briefed Minister Dr. Benbahmed that Ethiopia has a huge trade and Investment potential for Algerian pharmaceutical Industry and outlined the Ethiopian pharmaceutical regulatory and distribution landscape.
He added that Ethiopia has created a conducive environment for investors by creating pharmaceutical industrial parks among other incentives.
The Ambassador recalled the recent visit and discussion of President Sahle-Work Zewde, President of the Federal Democratic Republic of Ethiopia, to Algeria with President Abdulmadjid Tebboune, President of the People’s Democratic Republic of Algeria, in which they both underscored the importance of strengthening commercial ties between Ethiopia and Algeria.
Dr. Abderrahmane Djamal Lofti Benbahmed, Minister of Pharmaceutical Industry of the People’s Democratic Republic of Algeria, on his part, noted that inter-agency cooperation should be enhanced between the relevant institutions of the two countries.
For this purpose, the two parties expressed their desire to enhance cooperation by signing a partnership MoU between Algerian Ministry of Pharmaceutical Industry and the Ethiopian Ministry of Health as well as between the National Agency for Pharmaceutical Materials – ANPP and its Ethiopian counterpart the Ethiopian Food and Drug Administration -EFDA.
He also expressed Algeria’s readiness to introduce the Algerian pharmaceutical industry actors to the Ethiopian market through the exchange of visits and a pharmaceutical exhibition in Addis Ababa, Ethiopia.
In conclusion, they both agreed to jointly work towards robust cooperation in the field of pharmaceuticals.