Somalia is in discussions to grant Ethiopia access to an Indian Ocean port, potentially resolving trade route disputes. The framework agreement is expected by June, following tensions from Ethiopia’s past agreements with Somaliland. Turkey’s mediation is facilitating ongoing negotiations, with the construction of a new port at Hobyo planned to start soon.
In efforts to strengthen its economic ties with Ethiopia, Somalia is considering granting the landlocked country access to an Indian Ocean port. This development is aimed at alleviating ongoing disputes regarding Ethiopia’s need for a direct maritime trade route. Somali Foreign Affairs State Minister Ali Mohamed Omar indicated that discussions are underway with an objective to establish a framework agreement by June, detailing the port’s specifications and cost.
The negotiations emerged after heightened tensions in January 2024, when Ethiopian Prime Minister Abiy Ahmed proposed a port access agreement with Somaliland, a region claimed by Somalia. This pact includes the potential for Somaliland to receive a stake in Ethiopian Airlines. Despite declaring independence in 1991, Somaliland remains unrecognized internationally.
In December, President Mohamud and Prime Minister Abiy reached an accord facilitated by Turkish President Recep Tayyip Erdogan, aspiring to resolve their disagreements by the end of February. Meanwhile, Somalia has commenced plans for the construction of a port at Hobyo, expected to begin by the year’s end, with Turkish firm Metag Holding overseeing the project.
Ethiopia has been landlocked since Eritrea’s independence in 1993, rendering it dependent on the ports of neighboring nations for its trade needs. This strategic partnership between Somalia and Ethiopia signifies an important step in fostering regional cooperation and economic growth.
The dialogue between Somalia and Ethiopia is pivotal for both nations, as Somalia considers port access for Ethiopia, which is critical for its trade. With ongoing negotiations and the influence of international mediation, particularly from Turkey, there is potential for a significant resolution that could reshape regional trade dynamics. The situation remains fluid as both leaders work towards an amicable agreement.
Original Source: gcaptain.com
