A landmark trade agreement between Somaliland and Ethiopia has been signed, promising to boost cross-border trade and strengthen economic ties between the two nations.
Agreement Highlights
- Reduced tariffs on essential goods and commodities
- Simplified customs procedures
- Enhanced border crossing facilities
- Joint economic cooperation initiatives
Benefits for Businesses
This agreement brings significant advantages for businesses on both sides of the border:
- Reduced costs for cross-border trade
- Faster customs clearance processes
- Access to larger markets
- Increased investment opportunities
- Enhanced business networking possibilities
Implementation Plan
The agreement will be implemented in phases over the next 12 months:
- Phase 1 (Immediate): Initial tariff reductions
- Phase 2 (3 months): Customs procedure simplification
- Phase 3 (6 months): Infrastructure development
- Phase 4 (12 months): Full implementation of all provisions
Chamber Support Services
The Chamber will provide comprehensive support to members including:
- Advisory services on the new trade regulations
- Documentation assistance
- Business matching services
- Market entry strategy support
Expand Your Business to Ethiopia
Learn how your business can benefit from the new trade agreement.
Contact Us