Call to boost Pak-Eritrea ties

Published: July 09, 2008

Speaking on the occasion, Wolde. G. Habte, said that like Pakistan, Eritrea has also an agricultural economy as some 80% of our population is involved in farming and herding which offers great trade potential in this sector between the two countries.
He said Eritreaâ€™s agricultural products include sorghum, lentils, vegetables, corn, cotton, tobacco, and sisal while cattle like sheep, goats, and camels are raised and hides are produced.
He said that potentials of investment opportunity in Eritrea is unlimited being still a virgin land, particularly in mining, tourism and the Free Zone on the ports of Massawa and Assab on the costs of the Red Sea.
He said Eritreaâ€™s natural resources include gold, potash, zinc, copper, and salt but they have not yet been fully exploited and Pakistani businessmen and investors can earn huge returns by venturing into these areas. He said Eritreaâ€™s oil and gas reserves, agriculture and other sectors are also potential areas of investment for foreign investors.
He informed that Eritreaâ€™s main imports include machinery, petroleum products, food and manufactured goods while exports comprise livestock, sorghum and textiles and called upon the entrepreneurs and investors of Pakistan to explore further business opportunities in these sectors which will benefit the economies of the two countries.

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