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ADDIS ABABA, June 24 (Xinhua) -- Chinese Ambassador to Ethiopia, La Yifan, has called on foreign diplomats and business leaders in the country to work together to explore and exploit the business opportunities in the East African state.

Speaking later Tuesday at a dinner reception organized on the premises of the Chinese Embassy in Ethiopia's capital Addis Ababa, the Ambassador noted that diplomacy plays important role in helping investors conduct successful businesses in overseas markets.

The event has attracted foreign diplomats, foreign investors and business leaders in Ethiopia.

Reiterating that Ethiopia has been registering fast economic growth with success also in achieving the millennium development goals (MDGs), La emphasized on the need to have collaboration among diplomats and investors of different countries towards exploring and making use of the ample investment opportunities being created in the country.

Exemplifying his remarks, particularly with a Turkish textile factory in Ethiopia, which imports raw material from and exports its finished products to different countries, the Ambassador presented situations whereby countries could cooperate on foreign businesses in a single country.

He also stated that the Addis Ababa-Djibouti modern electrified railway being built by Chinese companies plays significant role in import and export of business goods for foreign investors operating in Ethiopia.

La has also stated that foreign investments create tremendous job opportunities for the local people while transferring technology and sharing expertise in the country.