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[Ethiopian Herald] There are 10 major ports on the Red Sea which transact 10% of the world economy and Ethiopia needs a port primarily for promoting her own trade network and acquisition of maritime trade route and for the economic development of the country. Ethiopia's average GDP amounts to 110 billion USD and the nation imports goods worth 14-16 billion USD about 90% of which is through ports. Ethiopia imports 4 billion USD worth fuel and 12.5 million quintals of fertilizers and pays 1.6 billion USD for port services
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