Following the
recent normalization of Ethio-Eritrean bilateral relations, Business to
Business meetings took place in Asmara. On the occasion, both countries
have vehemently pledged to toil much and compensate the lost times as
well as opportunities due to the 16 year-long no war, no peace policy.
recent normalization of Ethio-Eritrean bilateral relations, Business to
Business meetings took place in Asmara. On the occasion, both countries
have vehemently pledged to toil much and compensate the lost times as
well as opportunities due to the 16 year-long no war, no peace policy.
Hence, what are the trade prospects and opportunities between these two countries?
Ethio-Eritrea
economic partnership, among other things, focus on using ports and
investing in hotel tourism.For instance ,during their stay in Eritrea,
Ethiopian Business Delegation learnt that passing through import and
export commodities via the nearest Eritrean ports of Assab and Massawa
is advantageous in all economic aspects.
economic partnership, among other things, focus on using ports and
investing in hotel tourism.For instance ,during their stay in Eritrea,
Ethiopian Business Delegation learnt that passing through import and
export commodities via the nearest Eritrean ports of Assab and Massawa
is advantageous in all economic aspects.
They as well noted
that Ethiopian investors who have rich experiences in developing hotel
infrastructure will benefit from the untapped tourism potentials on the
most clean shores of Massawa..
that Ethiopian investors who have rich experiences in developing hotel
infrastructure will benefit from the untapped tourism potentials on the
most clean shores of Massawa..
Moreover, they
exchanged views with their Eritrean counterparts on how both could
utilize opportunities in agriculture, manufacturing and mining sectors
in Ethiopia.
exchanged views with their Eritrean counterparts on how both could
utilize opportunities in agriculture, manufacturing and mining sectors
in Ethiopia.
The Ethiopian
Chamber of Commerce and Sectoral Associations (ECCSA) partook in the
businesses visit with a view to looking into the possible opportunities
and having extensive discussion on various issues with Eritrean
counterparts, says Debebe Abebe, ECCSA Communication Director of Public
Relations and Corporate . “The consolidation of Ethio- Eritrea bilateral
relations has paved the way to utilize business opportunities shortly.”
Chamber of Commerce and Sectoral Associations (ECCSA) partook in the
businesses visit with a view to looking into the possible opportunities
and having extensive discussion on various issues with Eritrean
counterparts, says Debebe Abebe, ECCSA Communication Director of Public
Relations and Corporate . “The consolidation of Ethio- Eritrea bilateral
relations has paved the way to utilize business opportunities shortly.”
As to him, the reopening of Eritrean ports to Ethiopia would enhance trade between the two sisterly countries.
“If ECCSA finalizes
the legal matters sooner than later ,Ethiopian private owners will
engage in various commercial operations in Asmara “
the legal matters sooner than later ,Ethiopian private owners will
engage in various commercial operations in Asmara “
He, furthermore,
says so long as ECCSA makes successful deal with its Eritrean
counterpart in terms of working in joint venture. “In a bid to discover
business opportunities and acquaint both countries’ investors to each
other, various workshops will soon be organized here and in Asmara”.
says so long as ECCSA makes successful deal with its Eritrean
counterpart in terms of working in joint venture. “In a bid to discover
business opportunities and acquaint both countries’ investors to each
other, various workshops will soon be organized here and in Asmara”.
The ECCSA will
facilitate business networking with a view to attracting Foreign Direct
Investment (FDI) to both countries on the top working together with
Eritrean counterpart in capacity building activities, he indicates.
facilitate business networking with a view to attracting Foreign Direct
Investment (FDI) to both countries on the top working together with
Eritrean counterpart in capacity building activities, he indicates.
” We will also advice importers and exporters on how to improve the accessibility of market in both countries.”
For Debebe, the
cooperation in trade will help the two nations to enhance mutual
development particularly in expanding port opportunities and increasing
Ethiopian and Eritrean business persons in worldwide trade .
cooperation in trade will help the two nations to enhance mutual
development particularly in expanding port opportunities and increasing
Ethiopian and Eritrean business persons in worldwide trade .
As to him,
exploiting the golden businesses opportunities and prospects in both
countries is a wise step for the investors residing in Ethiopia ,Eritrea
and overseas.
exploiting the golden businesses opportunities and prospects in both
countries is a wise step for the investors residing in Ethiopia ,Eritrea
and overseas.
In a related story,
the Ethiopian Maritime Academy has been working in the area to
facilitate preconditions to resume the functionality of Massawa and
Asseb ports following the consent of the Eritrean government. Ethiopian
Shipping and Logistics Services Enterprise is also playing important
role to move freight from Massawa port to Ethiopia and the world.
Enterprise CEO Roba Megersa told reporters on last Wednesday. “The
Massawa port would widen Ethiopia’s port option and it is ready for
service under its current state”.
the Ethiopian Maritime Academy has been working in the area to
facilitate preconditions to resume the functionality of Massawa and
Asseb ports following the consent of the Eritrean government. Ethiopian
Shipping and Logistics Services Enterprise is also playing important
role to move freight from Massawa port to Ethiopia and the world.
Enterprise CEO Roba Megersa told reporters on last Wednesday. “The
Massawa port would widen Ethiopia’s port option and it is ready for
service under its current state”.
As to him, preparations are under completion to ship Eritrean
export products from Massawa port to China. The reopening of the port
would enhance trade between the two nations. It would help Ethiopia to
move export products from the northern parts of the country to the world
shortly.
export products from Massawa port to China. The reopening of the port
would enhance trade between the two nations. It would help Ethiopia to
move export products from the northern parts of the country to the world
shortly.
The resumption of
the water transport is therefore would aspire Ethiopian importers and
exporters to engage more in business than any other times.
the water transport is therefore would aspire Ethiopian importers and
exporters to engage more in business than any other times.
This would create
more jobs and improve county’s trading capacity which helps in response
to finalize various development projects that were delayed for sluggish
and distant transportation, it was learnt.
more jobs and improve county’s trading capacity which helps in response
to finalize various development projects that were delayed for sluggish
and distant transportation, it was learnt.
