LANDLOCKED ETHIOPIA WISHES TO USE SUDANESE PORTS FOR HALF ITS FOREIGN TRADE

Ethiopian Prime Minister Hailemariam Desalegn, who is in Sudan for a three-day visit, says his landlocked country wishes to use ports in Sudan though which to channel 50 per cent of its imports and exports.

During talks on bilateral relations with his host, Sudanese President Omar al-Bashir, here Wednesday, the prime minister said Ethiopia wished to conduct export-import transactions through Port Sudan on the Red Sea because of its proximity to the northern part of Ethiopia.

in order to realize this objective, he added, Ethiopia was building a dry port facility to facilitate the movements of commodities

More than 90 per cent of Ethiopia’s foreign trade is currently transacted through Djibouti port at the mouth of the Red Sea, making it the sole channel for the country’s exports and imports but because of the geographical location of the Port of Djibouti, Ethiopia has had to incur additional costs to transport commodities to and from the northern part of the country.

In addition to lowering transportation costs, access to Port Sudan would also help Ethiopia to reduce congestion at Djibouti Port and facilitate more timely transit of commodities.

In addition to Sudan, Ethiopia is looking for alternative seaports in other neighboring countries, Kenya and Somalia, to improve the country’s international trade. Ethiopia has plans to use Mombasa port in Kenya, Port Sudan and Berbera in Somaliland, in addition to Djibouti Port

Source: NAM News Network