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Trade between EEU countries and Ethiopia increased almost fivefold
The headquarters of the Eurasian Economic Commission (EEC) hosted a working meeting on 17 January between Gohar Barseghyan, Director of the EEC Integration Development Department, and Ethiopian Ambassador Alemayehu Tegenu.

"Ethiopia is our traditional trading partner in Africa. Trade turnover between EEU member states and Ethiopia increased 4.7 times in January-October 2021 compared to the same period in 2020," said Gohar Barseghian.

The parties stressed the importance of including the business community in the dialogue between the EEC and Ethiopia, including to raise their awareness of the possibilities of the EEU common system of tariff preferences for developing and least developed countries, as well as certain aspects of supranational regulation within the EEU.

Gohar Barseghian said that there is serious potential for increasing interaction between the EEU and the African Union (AU). A draft programme of cooperation between the EEC and the AU has been prepared to unlock this potential.

To recall, the Memorandum of Understanding between the Eurasian Economic Commission and the AU Commission in the field of economic cooperation was signed on 24 October 2019 during the first Russia-Africa summit.

Over the period 2010-20, trade turnover of EAEU member states with African countries increased almost threefold, exceeding $20 billion.

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