Ethiopia, Djibouti Discuss Bilateral Trade Ties

ADDIS ABABA – A high-level Ethiopian delegation, led by Finance Minister Ahmed Shide, held discussions with Djibouti officials about the bilateral trade ties between the two neighboring countries.

The discussions took place during the delegation’s two-day-long official visit to Djibouti, which started on Thursday, July 7, 2012. 

The delegation also met with President Omar Guelleh at the Presidential Palace and conveyed a message from Prime Minister Abiy Ahmed.

Ahead of that, the delegation held bilateral talks with Djibouti’s Foreign Minister Mahmoud Ali Youssouf, Trade and Tourism Minister Mohamed Dirieh, and heads of Chamber of Commerce Chairman and Port and Free Zone Authority.

Recalling that the two countries have jointly invested more than $10 billion in different infrastructural schemes, the delegation praised the ever-growing commitment of both governments to scale up their economic ties to high gear by holding regular bilateral talks, which have been interrupted due to Covid and other circumstances.

“Taking into account the historical, symbolic, and strategic relationship between the two countries, three issues have been agreed upon in accordance with the previous discussions of the two leaders,” said the Ministry of Foreign affairs on Saturday. 

The two sides agreed to keep the previous price quotation on fruits and vegetables being exported to Djibouti until a joint committee comes up with agreed terms, on the basis of the current market reality and conditions of the general population in Djibouti. 

In addition, while implementing the new export rate for Khat that was at work for the past 40 years as agreed by the leaders, importers in Djibouti will be able to buy khat without having to pass through export contracts. 

The two sides also agreed that the Maritime Charges of the two countries would continue to remain unchanged until a decision is made following a joint deliberation. 

During its stay in Djibouti, the delegation visited Golden Africa, the major supplier of refined and bulk edible oil products.