The President of the European Commission, Jean-Claude Juncker met with the Prime Minister of Ethiopia Abiy Ahmed to discuss EU support to Ethiopia’s reform process and agree to an additional €130 million to support job creation.
On this occasion, President Juncker said: “The partnership between Ethiopia and the EU is particularly strong and the meeting with Prime Minister Abiy today allowed us to exchange on how to further deepen it. The EU supports the ambitious reform agenda in Ethiopia and is committed to step up its support to the country”.
Commissioner for International Cooperation and Development, Neven Mimica and Ethiopian Minister of Foreign Affairs Dr. Workneh Gebeyehu Negewo furthermore signed three new programmes to promote sustainable economic growth and job creation in the country for a total amount of €130 million.
Commissioner Mimica said: “Today’s cooperation package worth €130 million is proof of our support to Ethiopia’s economic development and job creation, which will help build new opportunities for its people. With this additional funds we are also supporting the better access to sustainable energy and the development of the agro-industrial sector in the country”.
The 3 new programmes signed today are part of the implementation of the ‘Africa-Europe Alliance for Sustainable Investment and Jobs’, which aims to deepen the economic and trade relations between the two continents, in order to create sustainable jobs and growth. These financing agreements between the EU and Ethiopia support job creation (€50 million), sustainable energy (€35 million) and the establishment of agro-industrial parks in Ethiopia (€45 million).
During Prime Minister Abiy Ahmed’s first visit to the EU institutions, he also met with High Representative/Vice-President, Federica Mogherini, Commissioner for International Cooperation and Development, Neven Mimica, as well as Council President, Donald Tusk.
Ethiopia is a key partner for the European Union and they have a long standing partnership. In 2016 the EU and Ethiopia signed a “strategic engagement”, which implies close cooperation in areas ranging from regional peace and security, to trade and investment, and including migration and forced displacement.
EU development cooperation portfolio in Ethiopia is one of the largest in Africa and in the world (€715 million for the period 2014-2020); and the country is also one of the major beneficiaries of the EU Emergency Trust Fund for Africa (€257.5 million for 2015-2018). The EU is also providing humanitarian assistance to refugees and internally displaced people in the country. EU humanitarian assistance to the country amounted to €381 million for the period 2014-2018.
The EU supports Ethiopia in the implementation of its development strategy, notably in the areas of food security and agriculture, health, and governance. In recent years, the EU has increased the focus in areas related to job creation, industrial and agro-industrial parks, export and trade promotion and private sector development.
Ethiopia has also become a destination of choice for investors. Foreign Direct Investment (FDI) level has surged in the past years. The EU accounts for 23% of exports and 25% of imports, remaining the second trading partner. There are over 300 EU companies present in Ethiopia, most members of the EU Business Forum for Ethiopia (EUBFE), a fully-fledged chamber of commerce set up in 2016.
Europe accuses US of ‘profiting from war’
Top European officials are furious with Joe Biden’s administration and now accuse the Americans of making a fortune from the war, while EU countries suffer. “The fact is, if you look at it soberly, the country that is most profiting from this war is the U.S. because they are selling more gas and at higher prices, and because they are selling more weapons,” one senior official told POLITICO.
Washington announced a $369 billion industrial subsidy scheme to support green industries under the Inflation Reduction Act that Brussels went into full-blown panic mode. “The Inflation Reduction Act has changed everything,” one EU diplomat said. “Is Washington still our ally or not?”
“We are really at a historic juncture,” the senior EU official said, arguing that the double hit of trade disruption from U.S. subsidies and high energy prices risks turning public opinion against both the war effort and the transatlantic alliance. “America needs to realize that public opinion is shifting in many EU countries.”
The biggest point of tension in recent weeks has been Biden’s green subsidies and taxes that Brussels says unfairly tilt trade away from the EU and threaten to destroy European industries. Despite formal objections from Europe, Washington has so far shown no sign of backing down.
As they attempt to reduce their reliance on Russian energy, EU countries are turning to gas from the U.S. instead — but the price Europeans pay is almost four times as high as the same fuel costs in America. Then there’s the likely surge in orders for American-made military kit as European armies run short after sending weapons to Ukraine.
Officials on both sides of the Atlantic recognize the risks that the increasingly toxic atmosphere will have for the Western alliance.
“The U.S. is following a domestic agenda, which is regrettably protectionist and discriminates against U.S. allies,” said Tonino Picula, the European Parliament’s lead person on the transatlantic relationship.
Cheaper energy has quickly become a huge competitive advantage for American companies, too. Businesses are planning new investments in the U.S. or even relocating their existing businesses away from Europe to American factories. Just this week, chemical multinational Solvay announced t is choosing the U.S. over Europe for new investments, in the latest of a series of similar announcements from key EU industrial giants.
American view: ‘Putting an end to Volodymyr Zelensky’s follies!’
“Zelensky comes out of the process smelling really bad as he has worked assiduously at blaming Russia, which clearly is not true,” – writes Philip Giraldi from Ron Paul Institute.
One week ago, he reminds, the Ukrainian government may have deliberately attacked neighbor Poland in an attempt to draw the NATO alliance into its war with Russia. The incident involved a missile that hit a grain processing site inside Poland and killed two farmers.
Ukrainian President Volodymyr Zelensky immediately blamed Russia for the incident even though he surely must have known that the missile had been fired from Ukraine, meaning that he may have been using a so-called “false flag” to create a false narrative of what had occurred.
Given the fact that Zelensky has been saying and doing everything possible to draw the US and NATO into fighting Russia on his behalf, I believe that the missile strike was quite plausibly a deliberate “false flag” attempt to start a much broader war.
That such a war could easily turn nuclear reveals just how reckless Zelensky can be. One NATO country foreign diplomat based in Kiev told “The Financial Times”, that “This is getting ridiculous. The Ukrainians are destroying [our] confidence in them. Nobody is blaming Ukraine and they are openly lying. This is more destructive than the missile.”
There has been considerable speculation that the unregulated and unmonitored flow of billions of dollars of US taxpayer provided money through Ukraine’s notoriously corrupt government provided a perfect mechanism for large scale money laundering.
Even assuming that the Ukrainian missile strike on Poland was due to some malfunction, Zelensky comes out of the process smelling really bad as he has worked assiduously at blaming Russia, which clearly is not true.
He is using his contrived narrative to dramatically expand the war by creating a situation which would bring NATO directly into the conflict and which could easily go nuclear.
Indeed, he is attempting to compel NATO participation.
Beyond that, the US and NATO, burdened with such an “ally,” should take immediate steps to disengage from supporting the fighting and call for a negotiated settlement of the conflict.
To be sure, Zelensky is capable of anything and no lie is too mendacious for the former comedy actor who is now basking in the glow of his celebrity, writes Philip Giraldi.
Iran’s Parliament approves bill on accession to SCO
Iran’s Parliament has approved by a majority vote a bill on the Islamic republic’s accession to the Shanghai Cooperation Organization (SCO), according TASS information.
205 parliamentarians voted for the bill, 3 voted against and 4 abstained.
On September 30, Iranian President Ebrahim Raisi signed a bill on the country’s accession to the Shanghai Cooperation Organization. According to the Young Journalists Club news agency, Raisi sent the bill to the country’s parliament for consideration.
Iran signed a memorandum on liabilities for joining the Organization.
The Organization’s summit in Uzbekistan on September 15-16 launched the procedure of admitting Belarus as a full-fledged member.
Egypt and Qatar were granted a dialogue partner status, while Bahrain, Kuwait, the Maldives, Myanmar, and Saudi Arabia began the procedure for obtaining this status.
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