Ahmad Murrar and Parker White discuss the ongoing Ethiopia-Eritrea conflict, the impact of U.S. sanctions, and foreign investment opportunities in telecommunications and aviation, noting that while tensions persist, some investments have resumed in newly liberalized sectors.
Ahmad Murrar and Parker White, associates at Foley & Lardner LLP, have authored an article titled “Regional briefing: Eritrea, Ethiopia – and US Sanctions” published in WorldECR. In their piece, they analyze the ongoing conflict between the Ethiopian government and the Tigray People’s Liberation Front, emphasizing the partial execution of a peace agreement established in November 2022. They further explore the U.S. sanctions imposed in response to the conflict and the implications these have on foreign investment in key sectors, particularly telecommunications and aviation.
The authors note that significant U.S. sanctions and restrictions on Ethiopia and Eritrea continue to affect the two countries while the peace deal remains partially unimplemented. Nevertheless, there has been a notable resumption of foreign investment in newly liberalized areas, specifically focusing on the telecommunications and aviation industries. This shift suggests a cautious optimism regarding investment opportunities despite the prevailing restrictions.
The topic of the article highlights the intricate dynamics of the conflict between Ethiopia and Eritrea, particularly the tensions driven by internal political struggles, such as the one involving the Tigray People’s Liberation Front. The U.S. government’s response through sanctions has significant implications for regional stability and economic prospects. This article focuses on the potential for economic recovery and foreign investment in industries that have recently undergone liberalization in response to changing political climates and agreements.
In conclusion, while the ongoing conflict and the failure to fully implement the peace agreement continue to pose challenges, there are signs of renewed interest in foreign investment within newly liberalized sectors of the Eritrean and Ethiopian economies. The article effectively highlights the delicate balance between sanctions, peace efforts, and economic opportunities that characterizes this region’s current landscape.
Original Source: www.foley.com
