Africa-Press – Ethiopia. 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.
Ethiopia andDjibouti are countries with old friendship and strong people-to-peoplerelations.
The two countries have strong ties andcooperation in multiple spheres including railway infrastructure and trade.
Ethiopian Ambassador to Djibouti, BerhanuTsegaye told ENA that efforts are well underway to further strengthen the long-standingfriendship and development ties between Ethiopia and Djibouti.
Regarding the two countries’ diplomaticrelations and comprehensive cooperation, ambassador Berhanu said that variousactivities are underway to strengthen the solidarity of the two countries to ahigher level and link them in development projects.
According to him, the long-standingfriendship between Ethiopia and Djibouti continues to be strengthened throughmulti-sectoral cooperation.
He further stated that work is also wellunderway to further strengthen their friendship and development ties.
The relationship between the two countriesis linked by various economic foundations and exemplified by good diplomaticrelations, he said.
More than 90 percent of Ethiopia’s import and export trade is being carried outvia Djibouti ports, ambassador Berhanu noted.
The trade and development cooperation hascontinued to strengthen, he said.
The two countries have a strongrelationship based on mutual benefit in other fields, including roads,railways, electricity and water infrastructure, the ambassador stated.
In particularly, thetrade and investment activities being carried out to Djibouti both at theinstitutional and individual levels have grown significantly over the past threeyears, ambassador Berhanu said.
According to him, there is strongcooperation in the banking sector, food and beverage, fruit and vegetableexport trade, construction and energy sectors.
In just six months, more than 2 billionliters of fuel, more than 229,000 metric tons of steel, and more than 57,000container goods have entered Ethiopia through Djibouti port.
In terms of export trade, in the samemonths, coffee, sesame, textiles and industrial products, a total of 24, 506containers of Ethiopia’s goods were transported through the port of Djibouti tothe foreign market.
The bilateral relationship betweenEthio-Djibouti is at a higher level and stated that work is being carried outby both countries to strengthen the exiting cooperation in many ways, he added.
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