SUDAN, ETHIOPIA TO BOOST ECONOMIC CO-OPERATION

KHARTOUM, March 21 -- The Ministries of Finance of Sudan and Ethiopia have agreed to strengthen economic co-operation between the two countries.

Sudanese Minister of Finance and Economic Planning Badr-Eddin Mahmoud affirmed Sudan's keenness to strengthen economic ties with the State of Ethiopia and to employ the opportunities of co-ordination in the field of joint ventures and the projects of linkage through roads and railways for the benefit of the two countries.

During a meeting here Sunday with the Ethiopian Minister of Finance and Economic Co-operation, Abdul-Aziz Mohamed, he expressed Sudan's desire to increase imports of electricity from Ethiopia and to benefit from the rising production of electricity by Ethiopia.

The Ethiopian Minister stressed his country's focus on developing bilateral relations in the economic and banking sectors as well as the exchange of expertise and experiences in the field of financial management and tax collection, revealing that his visit to Sudan was aimed at strengthening and developing co-operation between the finance ministries of the two countries.

Ethiopia was also keen on taking advantage of opportunities presented by the socio-economic similarities for the development of relations in the economic, financial and banking sectors.

The meeting also discussed ways to increase opportunities for cooperation in the use of ports and strengthening of connectivity through roads, railways and establishment of a free trade zone between the two countries as well as the exchange of experience in the tax, banking and economic fields.

The two ministers also agreed to strengthen economic co-operation in the framework of the co-operation protocol signed between them for the interests of the two countries.

Source: SUNA

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