Ethiopia recently secured access to the Red Sea’s strategic coasts by signing an agreement with Somaliland, leasing a 20-km stretch of its coastline.
With the Red Sea accounting for 15% of global maritime trade, this deal allows Ethiopia to diversify its sea access beyond Djibouti, where it currently relies on a single corridor for 95% of its imports and exports.
The agreement prompts questions about its potential impact.
Ali Hojeij, a legal and economic expert, joins us to elaborate on the topic.
1. What do you think would be the economic impact of this deal?
2. If there were a deal. Will this affect trade between countries in this sub-region?
3. So in your opinion, Somalia’s appeal to the international community might have no effect?
We are taking a short break now and we will return with more business stories. Stay to Africanew and Africanews.com
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