ADDIS ABABA – The outgoing European Union Delegation Head in Ethiopia, Ambassador Roland Kobia has reaffirmed the union’s commitment to remain as one of the primary trading partners with the country.
In an exclusive interview with ENA, the delegation head praised Ethiopia’s current macroeconomic reform policy to integrate its economy with the global market, pledging support from the EU.
Kobia stated that the European Union is consistently ranked among the East African nation’s top three trading partners, revealing “a fact that often surprises many Ethiopians.” This demonstrates the EU and its member states are key trading partners for Ethiopia, the ambassador elaborated.
“We are consistently among the top three trading partners, year after year. This is crucial for Ethiopia’s economy, as we facilitate both exports and imports essential for the country’s development,” he said. The delegation head further explained the EU’s relation with Ethiopia that has gone beyond trade.
To this effect, Kobia disclosed that the union has already invested approximately 350 million Euros in development projects in the country and it plans to boost the investment further.
Mentioning EU trade grant for Ethiopia, Everything But Arms (EBA), the ambassador noted that it allows Ethiopia to export all products to the European market without quantity restrictions.
A report indicated that there are 7,200 export products on the EBA list that Ethiopia can exploit with 20 percent of its goods with the total worth of 130 billion Birr.
Kobia figured out that this unilateral system benefits Ethiopian exporters by providing access to a vast market of 450 million consumers without customs duties.
“Our trade relationship is based on a very favorable regime for Ethiopia. This system is nonreciprocal, meaning we offer these benefits without demanding anything in return. It’s our way of supporting Ethiopia’s economic revival through trade.”
Additionally, Kobia emphasized that European companies are among the top investors in Ethiopia. He also stressed the need for fostering a conducive business climate in Ethiopia, which includes fiscal transparency, anti-corruption measures, and a strong governance system.
Speaking on the nationwide reconciliation process, the delegation head has pledged EU support for the initiative being facilitated by the Ethiopian National Dialogue Commission. He also urged for robust implementation of the reconciliation process.
Acknowledging the national dialogue commission that has made significant strides, Kobia emphasized on delivering tangible results. The ambassador affirmed EU’s cooperation with Ethiopia in peace, security, and counter-terrorism efforts. According to him, the EU is also providing humanitarian assistance for refugees and internally displaced people.
Finally, Kobia revealed that the EU is eager to continue supporting Ethiopia’s economic growth through trade, investment, and development aid, thereby strengthening the EU-Ethiopia partnership.
The Ethiopian herald September 1/2024
