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NEWS and REPORTS => World News => Topic started by: iolsa on Sep 27, 2012, 10:30 PM

Title: Sudan, S. Sudan sign oil, trade deals
Post by: iolsa on Sep 27, 2012, 10:30 PM
Addis Ababa - Sudan and South Sudan signed deals on Thursday to secure their border and boost trade, a move which will restart crucial oil exports but fails to solve other conflicts left over from when the South seceded last year.  

The defence ministers of both countries signed a deal to set up a demilitarised buffer zone at the joint border after a five-day presidential summit in Addis Ababa, the seat of the African Union which has been brokering the talks.  

The security arrangement will allow South Sudan to restart oil exports through a Sudanese Red Sea port, giving both ailing economies a shot in the arm. - Reuters



IOLSA
Title: Re: Sudan, S. Sudan sign oil, trade deals
Post by: KingFemzee on Sep 28, 2012, 02:17 AM
This is a very good development after all these years of war.