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“The two countries will develop Joint Investment Projects, including the establishment of Joint Special Economic Zones,” twitted Yemane G. Meskel, Eritrean Minister of Information.
The agreement is signed in Jeddah, Saudi Arabia, on Sunday by Eritrean President Isaias Afwerki of Eritrea and Prime Minister Abiy Ahmed of Ethiopia, according to Mr. Yemane. The signing of the agreement was attended by the UN Secretary General Antonio Guterres and King Salman of Saudi Arabia.
The agreement has followed the Joint Declaration on Peace and Friendship the two countries have signed on July 9, 2018 in Asmara. Labeled, ‘Agreement on Peace, Friendship and Comprehensive Cooperation between Ethiopia and Eritrea,’ the deal signed in Saudi involves comprehensive cooperation in the political, security, defense, economic, trade, investment, cultural and social fields on the basis of complementarity and synergy.
The two countries will implement the Eritrea-Ethiopia Boundary Commission decision, while combating terrorism, trafficking in people, arms and drugs in accordance with international covenants and conventions, according to the agreement.
Appreciating the peace deal between the two East African countries, King Salman bin Abdulaziz of Saudi Arabia has awarded President Isaias and Prime Minister Abiy Saudi Arabia’s highest medal.