NCP and SPLM delegations were six days in Ethiopia for a new round of negotiations and agreed that South Sudan will have a new currency after independence.
The talks were assisted by Thabo Mbeki, the head of the African Union Panel for the Sudan.The AU said in a press statement both parties recognized the importance of reaching a consensus on the handling of Sudan’s crude and oil infrastructure.
They also identified the issues on which decisions will be required to make the two states viable after the independence.
The delegations decided to establish a joint committee to find ways of facilitating trade and payment arrangements and it will report by the end of May.
In addition, the two parties agreed that each state would protect the rights and operations of commercial banks originating from the other state.
In the interests of the economic stability of both states, the two parties agreed to embark on a joint effort to secure debt relief from Sudan’s international creditors.
The SPLM and NCP delegations will return to Ethiopia on April 5, 2011 for another round of intensive negotiations.