According to Ethiopian ambassador to Djibouti, Berhanu Tsegaye, trade and investment activities being carried out to Djibouti both at the institutional and individual levels has grown significantly over the past three years.
Ethiopia and Djibouti have strong ties and cooperation in multiple spheres including railway infrastructure and trade. Ethiopian Ambassador to Djibouti, Berhanu Tsegaye stated that efforts are well underway to further strengthen the long-standing friendship and development ties between Ethiopia and Djibouti.
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.
According to him, there is strong cooperation in the banking sector, food and beverage, fruit and vegetable export trade, construction and energy sectors.
Source: satenaw.com
