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45% of the country's foreign exchange reserves have been passed by law.

The Ministry of Trade and Industry held a two-day joint consultation with regional and city administrations on the implementation of the plan for the first six months of the 2013 E.C  Ethiopian budget year.

State Minister of Steel, Chemical and Construction Industry Development, Yohannes Dinkayehu, said the ongoing efforts to modernize the sector at the federal and regional levels are encouraging.

"We are working to promote and support local and foreign investors in the sector," he said.

By making legal frameworks and monitoring their implementation, our industries can become internationally competitive; He said work needs to be done to ensure that producers support each other.

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