Opinion - There are 10 major ports on the Red Sea which transact 10% of the world economy and Ethiopia needs a port primarily for promoting her own trade network and acquisition of maritime trade route and for the economic development of the country.
There are 10 major ports on the Red Sea which transact 10% of the world economy and Ethiopia needs a port primarily for promoting her own trade network and acquisition of maritime trade route and for the economic development of the country. Ethiopia's average GDP amounts to 110 billion USD and the nation imports goods worth 14-16 billion USD about 90% of which is through ports. Ethiopia imports 4 billion USD worth fuel and 12.5 million quintals of fertilizers and pays 1.
In terms of geopolitical and geostrategic priorities, as Tim Marshall has noted, being a prisoner of geography is embracing poverty. It is important to turn the geopolitical and geostatic location of Ethiopia from a threat a comparative advantage for the economic development of the country. With its proximity to the Red Sea, Ethiopia connects Arica with Europe, Middle East, Indian Ocean, Strait of Bab el Mandeb, Strait of Hormuz and the Persian Gulf.
Ethiopia has far greater cultural, linguistic and social relations not only with the neighboring countries but also with all the Red Sea littoral states and beyond. Acquiring ports will help to strengthen cultural relations with these countries and strengthen people to people relations. This is important to promote peaceful relation among the countries around the Red Sea and beyond.
Ethiopia's leading role as a promoter of pan Africanism and major source of renewable energy for African economic integration would be enhanced for the benefit of African countries in which case these countries are expected to share their ports with the country for mutual economic benefit.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
AU Meeting on Sudan Concludes in Ethiopia's Addis AbabaThe African Union announced at the end of August 2023 that it would organise a preparatory meeting for a Sudanese-Sudanese dialogue - a preliminary meeting to establish a broad civil anti-war coalition for Sudan.
Read more »
Ethiopia Has Never Invaded Any Country, Will Never, Says Prime Minister AbiyEthiopia has never invaded any country and it will never do in the future, Prime Minister Abiy Ahmed said.
Read more »
Sudan: Anti-War Activists Convoke Conference in Wake of Intra-Sudanese Ethiopia TalksThe Civil Front to Stop the War in Sudan concluded its preparatory meeting this morning, reaching a preliminary agreement to hold the founding conference for the Civil Front in three weeks.
Read more »
Ethiopia: We Were Begged to Establish Nigeria Air - Ethiopian AirlinesEthiopian Airlines has finally broken its silence over its involvement in the controversial Nigeria Air project launched by the last administration of President Muhammadu Buhari.
Read more »
Africa: Beyond a Cessation of Hostilities, Ethiopia Needs Comprehensive PeaceAnalysis - Almost a year after signing the Cessation of Hostilities Agreement, Ethiopia is marred in conflict.
Read more »
Ethiopia PM Abiy seeks to quell neighbours' concerns over invasionEthiopian Prime Minister Abiy Ahmed said on Thursday he would not invade any nation, in comments aimed at quelling neighbouring countries' concerns that he might use force to secure access to a sea port.
Read more »