Ethiopian has opened the Dire Dawa Free Trade Zone, the country’s first free trade zone that seeks to enable competition with the global trade system.
The Ethiopian government said the Dire Dawa Free Trade Zone would augment the country’s economy by improving its import and export trade.
The Dire Dawa Industrial Park and the dry port along with the Ethiopia-Djibouti railway station formed the free trade zone.
The government says Dire Dawa was selected to host the country’s first free trade zone due to its proximity to ports, market potential and huge cargo gravity as well as suitability for multimodal transport and logistics operation.
The Dire Dawa Free Trade Zone is expected to reduce logistics time and cost, improve efficiency and trade competitiveness, attract more FDI, boost urbanization and industrialization, and thus boost the country’s economy.