Ethiopia’s Trade, Investment Flow to Djibouti Significantly Growing Over Past Three Years: Ethiopian Ambassador

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Addis Ababa January 11/2023/ENA/ The trade and investment activities being carried out to Djibouti both at the institutional and individual levels has grown significantly over the past three years, Ethiopian ambassador to Djibouti, Berhanu Tsegaye said.

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Ethiopia and
Djibouti are countries with old friendship and strong people-to-people
relations.

The two countries have strong ties and
cooperation in multiple spheres including railway infrastructure and trade.

Ethiopian Ambassador to Djibouti, Berhanu
Tsegaye told ENA that efforts are well underway to further strengthen the long-standing
friendship and development ties between Ethiopia and Djibouti.

Regarding the two countries’ diplomatic
relations and comprehensive cooperation, ambassador Berhanu said that various
activities are underway to strengthen the solidarity of the two countries to a
higher level and link them in development projects.

According to him, the long-standing
friendship between Ethiopia and Djibouti continues to be strengthened through
multi-sectoral cooperation.

He further stated that work is also well
underway to further strengthen their friendship and development ties.

The relationship between the two countries
is linked by various economic foundations and exemplified by good diplomatic
relations, he said.

More than 90 percent of Ethiopia’s  import and export trade is being carried out
via Djibouti ports, ambassador Berhanu noted.

The trade and development cooperation has
continued to strengthen, he said.

The two countries have a strong
relationship based on mutual benefit in other fields, including roads,
railways, electricity and water infrastructure, the ambassador stated.

In particularly, the
trade and investment activities being carried out to Djibouti both at the
institutional and individual levels have grown significantly over the past three
years, ambassador Berhanu said.

According to him, there is strong
cooperation in the banking sector, food and beverage, fruit and vegetable
export trade, construction and energy sectors.

In just six months, more than 2 billion
liters of fuel, more than 229,000 metric tons of steel, and more than 57,000
container goods have entered Ethiopia through Djibouti port.

In terms of export trade, in the same
months, coffee, sesame, textiles and industrial products, a total of 24, 506
containers of Ethiopia’s goods were transported through the port of Djibouti to
the foreign market.

The bilateral relationship between
Ethio-Djibouti is at a higher level and stated that work is being carried out
by both countries to strengthen the exiting cooperation in many ways, he added.

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