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15.11.24 15:10

Economy

The Dire Dawa Free Trade Zone begins operations in Ethiopia

The project is expected to increase investment attractiveness and boost the economic growth of the republic

A 150-hectare Free Trade Zone (FTZ) has started operating in the Ethiopian city of Dire Dawa. This is reported by ENA, a partner of TV BRICS.

Dire Dawa has become the first FTZ in the country among industrial parks. According to the news agency, the territory can be further expanded to 4 thousand hectares. A number of companies are already selling their products in the new free trade zone.

The Ethiopian Investment Commission also reiterated its commitment to facilitate the activities of investors in the FTZ.

It is noted that the objective of the zone is to reduce inflation, increase economic activity and employment opportunities, attract foreign direct investment, strengthen Ethiopia's global competitiveness, and transform the republic into an industrial centre of Africa.

A Free Trade Zone is a special territory where trade is conducted with minimal customs duties, restrictions and administrative barriers.

Photo: iStock

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Deputy Minister of Foreign Affairs of Russia

"We are convinced that the only way to make the information space more stable, secure and predictable is through international cooperation. No country is capable of countering cross-border ICT threats on its own. There is a need to develop common rules of the game applicable to all, which would regulate the actions of states and their companies in the digital sphere. [...] The first step in this direction has already been taken with the adoption by the UN General Assembly in December 2024 and the signing in October 2025 of the UN Convention against Cybercrime, developed at Russia’s initiative. This is the first universal treaty in the field of international information security. Seventy-five countries have signed the document. We call on all countries to sign and ratify this Convention"

Batyr Berdyklychev

World Health Organisation Representative in Russia

"International cooperation can help detect risks quicker, also exchange the results of research and coordinate the response measures. Without this coordination, the consequences of the global crisis could be heavier. [...] We are witnessing the world becoming more and more interconnected and interdependent. Every outbreak of infection in one region can be a potential threat globally. The experience shows us that the resilience of healthcare systems affects economic stability, the national security of states and public trust"

Xi Jinping

President of the People’s Republic of China

"As permanent members of the UN Security Council and important major countries in the world, China and Russia should take a strategic and long-term perspective, drive the development and revitalisation of our respective countries through comprehensive strategic coordination of even higher quality, and work to make the global governance system more just and reasonable"

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President of the New Development Bank

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The Dire Dawa Free Trade Zone begins operations in Ethiopia

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