Sudan, S. Sudan sign deals to restart oil, boost trade

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27-09-2012 | 09:45
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Sudan, S. Sudan sign deals to restart oil, boost trade
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Sudan, S. Sudan sign deals to restart oil, boost trade
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
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