Eritrea

Quick Facts

Official Name State of Eritrea Eritrea
Capital Asmara (Asmera)
Location Eastern Africa, bordering the Red Sea, between Djibouti and Sudan
Area total: 121,320 sq km land: 121,320 sq km water: 0 sq km
Climate hot, dry desert strip along Red Sea coast; cooler and wetter in the central highlands (up to 61 cm of rainfall annually, heaviest June to September); semiarid in western hills and lowlands
Terrain dominated by extension of Ethiopian north-south trending highlands, descending on the east to a coastal desert plain, on the northwest to hilly terrain and on the southwest to flat-to-rolling plains
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Trade Agreements

African Free Trade Zone Agreement (AFTZ)

The leaders of three African trading blocs signed an agreement to create a free trade zone of 26 countries with a GDP of an estimated $624bn (£382.9bn). It is hoped the deal will ease access to markets within the region and end problems arising from the fact several countries belong to multiple groups.The deal also aims to strengthen the bloc's bargaining power when negotiating international deals.Analysts say the agreement will help intra-regional trade and boost growth.The three blocs which struck the deal were the Southern African Development Community (SADC), the East African Community (EAC) and the Common Market for Eastern and Southern Africa (Comesa).The agreement will also lend its backing to joint infrastructure and energy projects in the zone.

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Cotonou Agreement

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The Cotonou Agreement is aimed at the reduction and eventual eradication of poverty while contributing to sustainable development and to the gradual integration of ACP countries into the world economy. The revised Cotonou Agreement is also concerned with the fight against impunity and promotion of criminal justice through the International Criminal Court. The agreement also provides for reciprocal trade agreements, meaning that not only the EU provides duty-free access to its markets for ACP exports, but ACP countries also provide duty-free access to their own markets for EU exports.

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Trade Organizations

Common Market for Eastern and Southern Africa (COMESA)

The purpose of COMESA is to create high standards of living for all its people ready to merge into an African Economic Community.

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Community of Sahel-Saharan States (CEN-SAD)

CEN-SAD is a Regional Economic community of the Organization of African Unity. The organization looks to implementing a community that comprises of sustained socio-economic development. CEN-SAD looks to free movement of persons, capitals and interests of nationals of members. Right of establishment, ownership and exercise of economic activity. Last, free trade and movement of goods, commodities and services from members.

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Data Center

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