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Ethiopia and Sudan Agree to Implement Cooperation Projects

The 2 Horn of Africa nations, Ethiopia and Sudan, agreed to implement cooperation projects which includes establishing economic zones and free markets among the 2 countries.

In Port-Sudan city, joint technical economic committee between Ethiopia and Sudan met and agreed on the importance of facilitating flow of free and preferential trade between the countries. They also agreed to facilitate customs procedures from 1 location and establish joint force that will combat contraband.

The committee also reviewed ways to issue certificates of origin for commodities moving between Ethiopia and Sudan, whether imported or exported, agreeing on importance of facilitating the movement of the citizens between the two countries, provided that it is to be government with organized procedures to control illegal migration.

Commenting on the development Sudan's State Minister for Finance Abdul-Rahman Dirar, who also chaired the Sudanese side to the meetings, said the meeting was important since it will boost investment and facilitate trade between the 2 neighboring countries. Banking facilities would also enhance movement of capitals and banking transfers, he furthered.

According to the State Minister the committee agreed on the importance of using both Ethiopia’s and Sudan’s currencies for settling the financial and commercial transactions between them.

Source: china.org.cn