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Towards Beefing Up Ethiopia – Eritrea Economic Cooperation

Post by TesfaNews » 18 Oct 2020, 00:40

Towards Beefing Up Ethiopia – Eritrea Economic Cooperation
October 16, 2020


Needless to say, the rapid thawing of relations between Ethiopia and Eritrea in the last couple of years has triggered a landslide of speculation as to how this improved relationship could reshape the economic landscape of the region.

By the same token, these developments in the relationship were expected to result in significant impact on trade, investment, and shipping in the Horn of Africa. None of these assumptions was wrong. Leaders of the two countries are cooperating to further enhance their economic relations thereby augmenting to integrated development endeavours in the horn region.

The economic accords reached between Ethiopia and Eritrea so far were profound as they predominantly aim at fostering growth and development between the two countries. President Isaias Afwerki of Eritrea, who visited various mega development projects including the Grand Ethiopian Renaissance Dam (GERD) earlier this week, has endorsed his solidarity and support to Ethiopia’s development endeavors.

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