Addis Ababa, August 16, 2007 (Addis Ababa) - The economic and trade ties between Ethiopia and Yemen has contributed a lot in further stepping up the ever-increasing diplomatic and political relations between the two countries, the Ministry of Foreign Affairs said .
Asia, Australia and the Middle East Directorate with the Ministry, Ambassador Mehadi Ahmed Gedid told Ethiopian News Agency that the countries are enjoying an age old political, social, cultural and economic ties that goes back to Axumite period.
The trade volume among the two countries has reached over 37 USD.
Ambassador Mehadi said Ethiopia has earned 26 million USD from its products exported to Yemen last year.
Various agreements in trade, investment, agriculture, mineral, tourism, transport and security, among others, were signed and being implemented by the two countries.
The two nations have further strengthened their relations by establishing the Ethio-Yemen Joint Commission in April 1999, Ambassador Mehadi recalled.
Head of Foreign Trade Relations Department with the Ministry of Trade and Industry, Geremwe Ayalew also said the trade and investment relations between Ethiopia and Yemen have been growing from time to time.
Ethiopia exports meat, spices, natural gum and other agricultural products to Yemen and it imports various manufactured food and sanitation materials from Yemen.
The volume of products Ethiopia exported to Yemen over the past seven years has shown a 31 percent increase.
Some 134 licensed Yemeni investors are now operating in Ethiopia in various sectors, the head said.
The 4th Ethio-Yemen Joint Ministerial Meeting is expected to convene on August 20, 2007 in Addis Ababa
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