24 April 2018 11:11 PM

Economic Relations

Thursday، 17 December 2015 12:00 AM

Egyptian exports

• The value of Egyptian exports to Ethiopia in 2008 compared to the previous year increased by 6.6%.
• The value of Egyptian exports to Ethiopia in 2009 compared to the previous year increased by 38.6%.
• Egyptian imports
• The value of Egyptian imports from Ethiopia in 2008 compared to the previous year increased by 78.6%.
• The value of Egyptian imports from Ethiopia in 2009 compared to the previous year increased by 26.1%.

The volume of trade

• The trade volume in 2008 compared to the previous year increased by 12.3%.
• The trade volume in 2009 compared to the previous year increased by 37%.
• The trade volume in 2009 compared to 2007 increased by 54%.
• Egyptian investments existing in Ethiopia

There are 72 Egyptian investment projects.

Egyptian Investments in Ethiopia are in the fields of agricultural and livestock production, industrial, tourism and real estate, also including:

• PVC pipes and insulation for water projects.
• Electrical cables and electricity meters with prepaid smart cards.
• Cultivation of agricultural crops and horticultural crops.
• Fattening of calves and cattle for export.
• Slaughter Houses.
• Detergents.
• Real estate investment.

Projects under study for entering the Ethiopian market by the Egyptian side include the following:

• The setting up of a five stars tourist hotel in the Ethiopian town of Bahir Dar.
• A project to assemble parts of 14 inch and 21 inch television sets.
• Joint venture partnership with the Ethiopian Federation of Cooperatives for the manufacture of dairy products.

Investment projects under implementation:

• Egyptian industrial zone which will be established in the Ethiopian city of Nazareth, about 90 km from Addis Ababa.
• Smoke-planting project in Ethiopia.
• Manufacture of cardboard for packaging.
• Services provided by the Ethiopian Investment Agency for foreign investors and local communities:
• Basic counseling before entering into investment.
• Providing required facilities for investment.
• Analysis and dissemination of information on investment opportunities in the country.
• The issuance of all legal licenses, including licenses for employment and investment.

Incentives offered by the Ethiopian government to investors

100% exemption from payment of import duties and other taxes imposed on imports of goods earmarked for capital investment and construction materials needed to create new projects or to expand and develop existing projects.

Capital goods may be imported without payment of customs duties and other taxes.

Incentives and facilities to encourage investors for each of goods and services ready for export and income tax, and incentives provided in the event that institutions trade for loss, and how to convert money for foreign investors, and ensure investment protection, and provide loans to investors by the banks of Ethiopia.

Provide all appropriate land investment and infrastructure services such as electricity, water, telecommunications and other communications provided that the investor met the conditions and requirements of national investment.

Important developments in bilateral relations between the two countries include the following:

In the field of agriculture and animal production: Egypt resumed importation of live and frozen meat from Ethiopia, and steps have been taken by both the Egyptian and Ethiopian sides to overcome any obstacles facing this activity in order to ensure its sustainability.

A number of Egyptian investors have taken procedures for agricultural investment in Ethiopia, such as the National Bank of Egypt.

The Arab Contractors Company opened an office in Ethiopia.

The Ministry of Electricity and Energy dispatched a number of experts in January 2010 to discuss means of cooperation between the two countries.

In the banking field: the National Bank of Egypt opened a representative office in Ethiopia, in order to facilitate financial transactions, to accommodate the expected increase in trade relations between the two countries.

The Third Round of the Egyptian-Ethiopian Joint Commission was held in Addis Ababa in March 2010. Both sides held fruitful consultations on promoting bilateral relations and on regional matters of mutual concern and signed 8 cooperation agreements.

Grants and assistance provided by Egypt:

• In 2010, Egypt delivered food aid to cope with the famine, composed of 7 containers containing 123 tons of flour, 5.5 tons of cooking oil.
• In 2009 the Egyptian Fund for Technical Cooperation with Africa provided aid worth 52 thousand U.S. dollars.
• In 2008 food aid was provided through Ministry of Defense aircrafts.
• Egypt offers 10 grants each year and 5 Azhar university scholarships for Ethiopian students.

Contractual Framework

List of Agreements between Egypt and Ethiopia

 

Agreement

Date

1

 Agreement for regular air lines

1952

2

 Trade Agreement

1959

3

Trade Protocol

1961

4

Agreement on Economic, Scientific, Cultural and Technical Cooperation

1976

5

 Trade Agreement

1976

6

Agreement between the Central Bank of Egypt and National Bank of Ethiopia

1976

7

 Treaty for the settlement of disputes

1986

8

Agreement on the establishment of the Joint Commission for Cooperation

1989

9

Protocol for the Implementation of the Agreement on Economic, Scientific, Cultural and Technical Cooperation

1989

10

 Agreement on technical cooperation between the Egyptian Fund for Technical Cooperation with Africa, and Ethiopia,

1989

11

Trade Protocol

1989

12

General Framework Agreement for cooperation signed at the summit level between the two countries

1993

13

Convention for the Common Market for Eastern and Southern Africa (COMESA)

1998

14

Agreement on Economic and Technical Cooperation

2005

15

Agreement on Cooperation in the field of Animal Health

2005

16

Agreement for Technical Cooperation between the ministries of irrigation

2006

17

 Agreement on the promotion and protection of investments,

2006

18

Memorandum of Understanding for cooperation in the field of information

2006

19

Memorandum of Understanding for cooperation in tourism

2006

20

Memorandum of Understanding for cooperation in the field of Social Affairs

2006

21

Memorandum of Understanding in the field of investment

2009

22

Memorandum of Understanding for the establishment of a joint businessmen council between the two countries

2009

23

Agreement on cooperation in the field of Health

2010

24

Agreement on cooperation in the field of agriculture,

2010

25

Memorandum of Understanding on the import of live and slaughtered meet

2010

26

Memorandum of Understanding for Economic Cooperation and Development and the Technical

2010

27

 Memorandum of Understanding on cooperation in science and technology 

2010

28

Memorandum of Understanding in the field of environment

2010

29

Memorandum of Understanding in the field of culture

2010

30

Memorandum of Understanding for cooperation in the field of information

2010

 


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