EUBFE Held Meeting with Ministry of Finance

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EUBFE delegation held meeting with the Minister of Finance- HE Ahmed Shide. Led by the head of cooperation at the EU Delegation Mr. Erik Habers, EUBFE representatives, composed of board chair, executive director and presidents of bilateral member associations presented a summary of the major achievements of EUBFE in its advocacy engagement with a number of ministires. Moreover, the EUBFE delegation outlined keen interest to establish a sustained and structured platform with the Ministry Finance, where the concerns and challenges of member companies can be addressed. Stressing EUBFE's mission of improving the doing business climate in the country, it is currenlty engaged in producing empirical studies that aid policy interventions to this end.
HE Mr. Ahmed Shide on his part appreciated the initiative of EUBFE and outlined key econnomic reforms that led to the opening of the country's economy to FDI. He pledged to assist in resolving any bottlenecks member companies face. The meeting concluded by establishing a team from both sides that would overlook the formalisation of relationship between MoF and EUBFE that would get regular consultation gain traction.  
 
 

Ethiopian Finance Minister, Ahmed Shide held talks today with EUBFE delegation led by the Cooperation Head for EU Delegation to Ethiopia, Erik Habers, on ways of strengthening financial and economic cooperation between the two sides.

During the meeting, the two sides are ready to work for a favorable investment climate in Ethiopia through the joint forum.

EUBFE representatives have also pledged to help Ethiopia to become an ideal investment destination and regular talks will be held with the Ministry of Finance to achieve this goal.

Finance Minister Ahmed Shide said on his part Ethiopia attaches great importance to its cooperation with the European Union and other European countries.

He further stated that Ethiopia is committed to working closely with the EUBFE and having a consultative meeting at least twice a year for the benefit of both parties. 

Speaking on the ongoing economic reform that Ethiopia has embarked on, Ahmed noted that the reforms are being intensified and the government is committed to increasing the participation of the private sector in the reform process.

He stated the recent involvement of private sectors as well as foreign companies with strong experience and potential in the telecom sector of the country as a showcase of the government’s commitment in this regard.

The Minister told the delegates that essential efforts will be made by the Ministry of Finance to ease all forms of bottlenecks that faced EUBFE member companies in their day-to-day activities in Ethiopia.

Public-Private Dialogue with Foreign Business Associations, including EUBFE, was Held

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IMG-20191204-WA0011Public-Private-Dialogue (PPD), the second round, was held on December 4, 2019 at the Hilton Hotel. EUBFE, as co-chair of the PPD team, worked tirelessly to collect, analyze and depict the major challenges of foreign businesses in Ethiopia. This PPD deliberated on taxation and customs concerns of foreign businesses. PPD was facilitated by the Ethiopian Investment Commission represented by Deputy Commissioners Mrs. Hanna Arayaselassie and Mr. Temesgen Tilahun , along side Mr.Zemede Teferra-State Minister Ministry of Revenue.  Opening remark on the PPD was made by Mr. Ben Depraetere, board chair of EUBFE. In his remark he highlighted the preparation of PPD and appreciated the role EIC and MoR played in making it a reality. He concluded by a encouraging a more sustained dialogue  of such format. Issues on taxation and customs were presented by representatives of the PPD preparation team and responded to by staff from MoR.

Meeting Held with Ministry of Revenue on Issues Distilled from EUBFE Members

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The first steering committee meeting of 2019 with Ministry of Revenue was held on August 21, 2019 at the premises of the Headquarters of the Ministry of Revenue (MoR). This collaboration is the result of Memorandum of Understanding (MoU) signed between MoR and EUBFE back in May where both parties reierated their commitment to work together to improve tax administration. A number of agenda points were addressed at the meeting chaired by Mr. Nebeyou Samuel, advisor to the mininister. Board members of EUBFE as well as relevant directorates from MoR also took part.
Technical concerns raised and addressed at the meeting include excise tax, fringe benefit calculation, dealing with fraudulent receipts, VAT refund, application of bilateral tax treaties and more. All agenda points tabled at the meeting by EUBFE were addressed point by point. 
Follow up meeting will be held to review any additional issues that may arise. Moreover, decisions passed on this meeting will also be looked into in the subsequent meetings, which are planned to take place quarterly.  
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EUBFE Conferred with Investment Commissioner on bolstering dialogue with the government

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EU Business Forum in Ethiopia together with the EU Delegation in Ethiopia held discussion on March 26, 2019 with the Ethiopian Investment Commission (EIC) on improving the existing platform of dialogue with EU businesses in Ethiopia. EUBFE members were honored with the presence of HE Abebe Abebayehu, Commissioner of Ethiopian Investment Commission and HE Ambassador Johan Borgstam, Head of the EU Delegation to Ethiopia.

In the discussion that ensued, EU business leaders in attendance expressed their appreciation for the commitment shown by the EIC in facilitating dialogue with government agencies in previous instance through the Public-Private-Dialogue (PPD) platform. They further expressed their desire to continue in this vein and contribute in the reformulation of investment code as well as the second version of PPD. The guest of honor at the breakfast meeting, HE Abebe Abebayehu, highlighted previous successes close collaboration between businesses have brought and vowed to improve on disruptions on the regularity of such engagements. The delayed PPD-2, he also indicated, will go through at the earliest opportunity. HE Johan Borgstam, in his concluding remark indicated that it is important for businesses to closely work with regulators while also highlighting EU Delegation's contribution to improving the business environment in Ethiopia, including the automated customs system currently operational.

The meeting cocluded with a joint committment to continue to build on the on-going constructive dialogue.

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