Some proposals for the development of economic cooperation of Russia with Ethiopia in the context of international competition

Abstract

Purpose: the author aims to develop recommendations for enhancing economic cooperation between the Russian Federation and Ethiopia in the conditions of international competition for this African market. Discussion: the author assesses the potential of the Ethiopian economy, the current state of cooperation between local business and foreign partners. In addition, the level and prospects for expansion of trade and investment cooperation between Russia and the African state under consideration have been defined. Results: the author concludes that there is a significant potential for the development of Russian-Ethiopian export-import operations, as well as for an increase in the scale of the presence of domestic business in Ethiopia. To give an additional impetus to the deepening of economic ties, it is necessary, first of all, to return to the implementation of the Medium-Term Program for the Development of Cooperation, to eliminate or minimize trade barriers, to ratify a number of previously concluded agreements, and to further develop the legal framework.