Subchapters:
- Business Relationships
- FTAs and Treaties
- Development Cooperation
- Prospective fields of study (MOP)
Business relations
Trade relations with the EU
Trade exchange with the EU (million EUR)
| 2018 | 2019 | 2020 | 2021 | 2022 | |
| Exports from the EU (million EUR) | 58.9 | 61.7 | 52.3 | ON | ON |
| Imports into the EU (million EUR) | 2.3 | 2.0 | 2.1 | ON | ON |
| Balance with the EU (million EUR) | -56.6 | -59.6 | -50.2 | ON | ON |
Source: European Commission
Trade relations with the Czech Republic
Trade exchange with the Czech Republic (CZK billion)
| 2018 | 2019 | 2020 | 2021 | 2022 | |
| Exports from the Czech Republic (billion CZK) | 0.0 | 0.0 | ON | ON | ON |
| Imports to the Czech Republic (billion CZK) | ON | 0.0 | 0.0 | ON | ON |
| Balance with the Czech Republic (billion CZK) | 0.0 | 0.0 | 0.0 | ON | ON |
Source: CZSO
FTAs and treaties
Contracts with the Czech Republic
Since the entry of the Czech Republic into the EU (May 1, 2004), the EU contractual base has been applied to Eritrea in the trade area, which sufficiently covers Czech interests in the territory. Check ebizdir for economical facts of Eritrea.
Developmental cooperation
Eritrea is not among the priority countries of development cooperation of the Czech Republic , no projects are implemented here. In 2000, the Czech Republic provided humanitarian aid to Eritrea in connection with the war conflict with Ethiopia. A total of 45,000 was allocated in autumn. USD Ethiopia and Eritrea (of which Eritrea 25 thousand USD) for refugees suffering from the consequences of the war conflict.
The EU has been providing development aid to Eritrea since its independence in 1993. Most of the funds are provided through the European Development Fund (EDF). In the years 2009-2013, EUR 5 million was spent from EDF funds on aid programs for Eritrea, mostly in the area of food security and agricultural development or countryside. For the next program cycle in 2016-2020, the EU allocated EUR 200 million, which should finance the greater part (EUR 175 million) of the development of the energy sector, with an emphasis on the use of renewable energy sources and the introduction of energy savings.
Other priority fields in which development cooperation between the two parties is implemented are water management (irrigation, drinking water, waste water treatment) and transport infrastructure. Other EU financial instruments are also used for development and humanitarian aid to Eritrea, such as the Emergency Trust Fund for Africa or the European Instrument for Democracy and Human Rights program to support democracy. For details on current development projects, see the website of the EU Delegation to Eritrea.
Prospective fields of study (MOP)
Opportunities for Czech exports are largely dependent on the ability of the Eritrean government to finance vital infrastructure development projects. The construction of railways, solar, etc. power plants, the development of the mining industry, and the reconstruction of water management facilities are planned. Concrete possibilities are, for example, irrigation systems, submersible pumps, small civil aircraft, trucks and cars, pharmaceuticals, diesel generator sets, substations and transformer stations (participation in electrification), pesticides, construction machinery, stone crushers (for transport constructions), textile machinery, food technological units, water treatment plants, etc. It can be said that the most promising sectors for investments in the future are infrastructure construction (transportation, water management), tourism, mining industry, energy, agriculture and fishing, food industry. ZÚ does not know anything about specific and current development or privatization programs. Due to the current sanctions regime, it is necessary to thoroughly study the UN sanctions list applicable to Eritrea before any export of goods to the country. Sanctions are primarily focused on weapons and weapons material.
The most promising fields:
Transport industry
Water management industry
Agricultural industry
Mining industry
Energy industry
link to the map of industry opportunities: https://www.mzv.cz/file/3603450/Mapa_globalnich_oborovych_prilezitosti_2019_2020.pdf
