UAE and Ethiopia Sign Landmark Agreements for Mutual Cooperation
In a significant development, the United Arab Emirates (UAE) and Ethiopia have signed several agreements aimed at enhancing their mutual cooperation across various sectors. These landmark agreements were signed by high-level officials from both nations, paving the way for strengthened ties and collaboration in fields such as customs, government development, industry, trade, investment, finance, and more.
One of the key agreements is the Agreement on mutual assistance in customs matters, signed by Ali bin Hammad Al Shamsi, Head of the Federal Authority for Identity, Citizenship, Customs and Ports Security from the UAE, and Debele Kabeta, Commissioner of the Ethiopian Customs Commission. This agreement aims to facilitate and streamline customs procedures between the two countries, promoting smoother trade flows and ensuring effective enforcement of customs regulations.
Another significant pact is the Memorandum of Understanding for Government Development and Modernisation Experience Exchange, signed by Mohammad bin Abdullah Al Gergawi, Minister of Cabinet Affairs from the UAE, and Alemtsehay Paulos, Ethiopian Minister of Cabinet Affairs. This memorandum aims to facilitate the exchange of knowledge and experiences in government development and modernization, contributing to the overall progress and efficiency of both nations.
Furthermore, Abu Dhabi Ports and Ethiopia Investment Holdings have signed a Memorandum of Understanding, marking a commitment to enhance cooperation in investment and port development. This agreement, signed by Mohamed Jumaa Alshamsi, CEO of AD Ports Group, and Meleket Sahlu Denbu, Deputy Chief Executive Officer of Ethiopian Investment Holdings, aims to bolster economic ties and support investment initiatives between the two countries.
In the realm of industry and advanced technologies, a Memorandum of Understanding has been signed by Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology from the UAE, and Melaku Alebel, Ethiopian Minister of Industry. This strategic pact seeks to foster collaboration in these fields, encouraging knowledge sharing, technology transfer, and the promotion of innovation for economic growth.
Additionally, the Ethiopian Investment Commission has signed two important memorandums of understanding with the Federation of Sharjah Chambers and the Federation of Abu Dhabi Chambers of Commerce and Industry. These agreements, signed by Abdullah Sultan Al Owais, Chairman of the Sharjah Chamber of Commerce and Industry, and Dr. Ali bin Harmal Al Dhaheri, First Vice Chairman of the Chamber representing Abu Dhabi, aim to facilitate investment and trade cooperation between Ethiopian and Emirati businesses, further strengthening economic ties.
Furthermore, agreements in the fields of insurance, gold standards, agriculture, transport, climate action, and combating terrorism have been signed between various entities from both countries. These agreements highlight the commitment of UAE and Ethiopia to foster cooperation and collaboration across multiple sectors, aiming to promote economic growth, development, and stability.
The mutual cooperation agreements signed between the UAE and Ethiopia mark a significant milestone in their bilateral relationship. These pacts are expected to create new opportunities, enhance trade and investment flows, promote technological advancements, and drive economic growth for both nations. The depth and breadth of these agreements signal a shared commitment towards further strengthening and expanding the strategic partnership between the UAE and Ethiopia, ushering in a new era of collaboration and progress.
