Ethiopia: Business Between UAE and Ethiopia Booming

Trade relationship between Ethiopia and countries within the United Arab Emirates (UAE) has shown huge progress over the last ten years. This was mentioned during business to business meeting between visiting officials and businesses from the UAE and their Ethiopian counterparts held at the Sheraton Addis Hotel yesterday.

According to a document by the UAE's trade mission, Ethiopia's export to the UAE has been increasing over the last decade. Figures show Ethiopia's export to the UAE jumped from 17.8 million dollars in 2002 to 89.9 million dollars in 2011. The total trade turnover has increased from 45.4 million dollars in 2002 to 809 million dollars in 2012 showing more than six fold increases in the trade relation between the two countries.

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