Associates Ahmad Murrar and Parker White from Foley & Lardner LLP have authored an article addressing the conflict in Ethiopia and Eritrea, U.S. sanctions related to the situation, and the impact on foreign investment in key sectors such as telecommunications and aviation. They emphasize the partial continuation of sanctions and the cautious resurgence of foreign investment following a peace agreement that remains only partially implemented.
Ahmad Murrar and Parker White, associates at Foley & Lardner LLP, have published an article titled “Regional briefing: Eritrea, Ethiopia – and US Sanctions” in WorldECR. The article examines the ongoing conflict involving the Ethiopian government and the Tigray People’s Liberation Front, highlighting the inadequate implementation of the peace agreement established in November 2022. Additionally, the authors analyze the U.S. sanctions imposed as a response to the conflict and the potential for foreign investments in the region, emphasizing the telecommunications and aviation sectors. The authors note, “Several significant U.S. sanctions and restrictions on Ethiopia and Eritrea remain in place, as the peace deal has yet to be fully implemented. However, foreign investment in newly liberalized sectors, such as telecommunications and aviation, has resumed at least in part.”
The ongoing conflict in Ethiopia, particularly with the Tigray People’s Liberation Front, has prompted significant international concern and response. U.S. sanctions have been enacted in reaction to the conflict, impacting economic dynamics within the region. Following the peace agreement of November 2022, the execution of specific provisions has been delayed, further influencing foreign investment opportunities in industries critical to regional development, such as telecommunications and aviation.
In conclusion, while U.S. sanctions persist due to the incomplete implementation of the peace agreement, there are signs of renewed foreign investment in select sectors of the Ethiopian and Eritrean economies. The telecommunications and aviation industries appear particularly poised for growth, reflecting an evolving economic landscape despite ongoing geopolitical challenges.
Original Source: www.foley.com
