Economic Ties Between Ethiopia and Italy Show Strong Growth
Addis Ababa, April 25, 2026 — The economic relationship between Ethiopia and Italy is witnessing a significant transformation, with Italy aiming to double its planned trade volume of 600 million Euros in 2026. This ambitious goal is supported by strong diplomatic engagement and a growing focus on investment, infrastructure, and trade.
Claudio Pasqualucci, the Trade Promotion Commissioner at the Italian Embassy in Addis Ababa, emphasized that the bilateral ties between the two nations are experiencing a strong resurgence. He highlighted that the partnership is driven by high-level interactions between Ethiopian Prime Minister Abiy Ahmed and Italian Prime Minister Giorgia Meloni.
In an exclusive interview, Pasqualucci stated that Ethiopia and Italy have maintained long-standing relationships across various sectors. He noted that the bilateral trade between the two countries is expanding in both import and export areas. According to his statement, the target for 2026 is to reach about 600 million Euros, with the intention of doubling this figure by the end of the following year.
“Our intent is to double (trade) at least for next year. We want to double our exports to Ethiopia and also to facilitate Ethiopian exports to Italy, especially in those materials that are very important for our economy,” he said.
Pasqualucci praised Ethiopia’s rapid transformation in its financial, trade, and economic landscapes over a short period. He pointed out that numerous reforms have been implemented and more are in progress, including financial and macroeconomic reforms that are beneficial for foreign investors.
He also mentioned that many Italian companies view Ethiopia as a key destination for business opportunities. Currently, there are 150 Italian companies actively engaged in trade with Ethiopia, but Pasqualucci expressed a desire to see even greater participation from Italian firms.
The Trade Commissioner commended the Ethiopian government for creating a favorable business environment, which sends a positive message to foreign companies. He noted that the strong people-to-people ties between the two countries further strengthen their relationship, with many Italians living in Ethiopia and many Ethiopians residing in Italy.
Future Prospects and Continued Collaboration
Pasqualucci affirmed Italy’s readiness to deepen its relations with Ethiopia across multiple sectors, including economic, infrastructure, and investment cooperation. He added that Ethiopia is also making efforts to create a conducive business environment through comprehensive reforms.
The deepening of ties between Ethiopia and Italy is moving beyond traditional diplomacy into a more robust economic and investment partnership. This collaboration reflects a shared vision for future growth and mutual benefits.
