ADDIS ABABA – Officials of the Ethiopian Industrial Parks Development Corporation (IPDC) are in Djibouti to scale up cooperation with port authorities in the neighboring nation.
Djibouti is a key ally to landlocked Ethiopia which currently imports and exports close to 90 percent of its goods through its neighbor’s port.
IPDC’s delegation five-day working visit is taking place in light of further strengthening the Ethiopia-Djibouti trade and investment cooperation, says the Ministry of Foreign Affairs or MoFA.
The IPDC Officials held their first discussion with the Chairman of Djibouti Ports and Freezone (DPFZA), Abubaker Omar Hadi, who welcomed upon their arrival on Tuesday.
The two sides exchanged views on various issues ranging from service to infrastructure and synchronization of digital systems, officials said.
The delegation has paid visits to Djibouti International Free Trade Zone, Doraleh Multipurpose Port, PDSA, DDIP and SDTV.
They also held extensive discussions with the officials of the Djibouti Port Community System (DPCS) – a a portal that provides a comprehensive set of online services to the trading community.
The discussion underscored the urgent need for integrating the system with Ethiopian Industrial Park Development Corporation, according to MoFA.
The Corporation currently manages 13 Ethiopian industrial parks where nearly 125 foreign and local investors operate.
The investors use Djibouti’s Port and Freezone to import their raw materials and capital goods as well as export their products to the global market.
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