UAE is going all out to help the Ethiopian economy. This started a long time back, from the time Ethiopia has been struggling for support over its Nile Dam project. In the middle of 2020, it seemed Egypt was worried over the growing relations between UAE and Ethiopia; but UAE has always used its wisdom in balancing its diplomatic ties around the world.
On many occasions, the Middle East country has sent aid and help to the Ethiopian population. But the good relations started in 2004, when his Excellency Seyoum Mesfin, the then Ethiopian Foreign Minister to the United Arab Emirates visited UAE. It indeed represented the starting point for contemporary relations between the two countries.
The visit was returned with a reciprocal one in 2009 by His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs to the Republic of Ethiopia as part of His Highness's African tour. Apart from their understanding of investments to be made by UAE in the Ethiopian economic growth plan, UAE had then requested Ethiopia for support to host the headquarters of the International Renewable Energy Agency (IRENA).
Further, in 2010, the opening of the embassy of the United Arab Emirates in Addis Ababa also became the most important shift in the development of relations between the two countries. The opening of an embassy for the UAE in the Republic of Ethiopia contributed to strengthening aspects of cooperation between the two countries in all political, commercial, and investment fields, as well as the exchange of official visits from leaderships and high officials of the two countries.
Currently, the Ethiopian diaspora is well taken care of in UAE. In Dubai, they enjoy great living standards, equal rights, and pay as their UAE counterparts. This goes on to show UAE’s commitment to take their trade and diplomatic relations with Ethiopia extremely seriously.
UAE’s generous help to its friendly nations has been extended many times to Ethiopia in form of needed aid when the country needed so. Their trade has also been healthy over the past two decades.
The external trade (non-oil) except free zones, had reached 809 million USD in 2012 with a surplus in the trade balance (629.2) for the UAE. The non-oil products represented 87.4 million USD; whilst the re-export for Ethiopia represented 632 million USD with 90 USD of imports. Concerning the Ethiopian exports to the UAE during the first half of 2013, it reached 49 million USD. It is worth noting that the UAE was ranked 10th at the trade partner’s level importing from Ethiopia; while the Ethiopian imports from the UAE reached 171 million USD in the first half of 2013. The UAE is the second state after Saudi Arabia when it comes to investments in Ethiopia. In fact, the UAE investments were three billion USD in 2014. It is worth mentioning that the volume of mutual trade was 873.6 million USD in 2015-2016.
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