In a significant development for regional geopolitics, Ethiopia has recently inked a groundbreaking agreement with Somaliland, securing strategic access to the Red Sea's coasts. The deal involves leasing a 20-kilometer stretch of coastline, a move that holds pivotal implications for Ethiopia's economic diversification beyond its current reliance on Djibouti. Currently, 95% of Ethiopia's imports and exports pass through a single corridor, and this new maritime agreement raises important questions about the potential impact on global maritime trade.
To provide insights into the legal and economic aspects of this agreement, Ali Hojeij, a distinguished expert in these fields, joined us. Hojeij delved deeper into the potential ramifications and strategic significance of Ethiopia's expanded sea access, shedding light on the broader implications for the region.