Ethiopia announces plan to boost trade relations with neighbors


Ethiopia’s Ministry of Foreign Affairs disclosed the country’s plan to enlarge the volume of trade exchanges with its neighbors. According to the General Director  in charge of Nile Basin countries at the ministry, Gebiresilasie Gebiregziabiher, Ethiopia will elevate its current trade exchange with its neighbors Sudan, Kenya, Somalia and Djibouti.
These countries are among Ethiopia’s major five export destinations in Africa with Somalia taking the biggest share at 330 million dollars, according to the ministry.
Gebiresilasie said Djibouti and Ethiopia are now working towards economic integration with the already expanding infrastructural ties between the two nations.
He referred to the preferential trade agreement signed between Ethiopia and Sudan in 2002 and the Special Statues Agreement with Kenya in 2012 to raise the economic cooperation to a higher level.
Constructing highways that will connect Ethiopia with neighboring Sudan and South Sudan is also part of the drive to increase exchanges with its neighbors, he added.
Yeshak Tekaligne, Bilateral and Regional Trade Relation and Negotiation Director at the Ministry of Trade also confirmed the growing push to improve trade exchanges between Ethiopia and its neighbors.
(Africa Business Communities)