New Opportunities For Textile And Garment Industry Capacity Pfer: Ethiopia Is The Focus Of Attention.

Ethiopia is an active participant in the construction of "one belt and one road". At present, nearly 20 Chinese textile and garment enterprises have invested in the country and become the mainstay of the local industrialization process.

A few days ago, the Chinese textile international capacity cooperation enterprise alliance and the Ethiopia Embassy in China jointly held the "Ethiopia prime minister's meeting with Chinese textile entrepreneurs". Ethiopia Prime Minister Hare Mariam said that under the "one belt and one road" construction, the two sides will jointly promote the textile industry cooperation to a new level.

Haier, Ethiopia, said that the development of textile and garment industry has its unique advantages: relatively cheap and abundant labor resources, adequate and cheap hydropower resources, stable political environment, rapid development of economy and firm determination of industrialization.

"Ethiopia attaches great importance to cooperation with Chinese enterprises. Relevant departments, such as the Ministry of finance, customs and Investment Committee, have set up China Affairs Office to assist Chinese enterprises in investing and cooperating.

Ethiopia, which is in the golden age of investment, is looking forward to more in-depth contacts with more Chinese textile enterprises. The government will welcome the arrival of Chinese textile enterprises with utmost sincerity. "

Haier said.

Ethiopia is one of the most influential countries in Africa. It is also a historical and natural extension of the maritime Silk Road.

Driven by the construction of "one belt and one road", many Chinese enterprises have come to invest in Ethiopia.

The main participants in the world textile and garment market and important customers in the cotton market are mainly from Asia, of which China accounts for a larger proportion.

It is one of the main pillar industries in Africa. Southeast Africa has the most dynamic textile industry in Africa, and is an important cotton producing area. It has attracted more funds in recent years. Yao Qiaoe said: "Chinese enterprises can bring advanced technology and management methods to Southeast African countries, help to improve local production processes, and try to pfer the garment industry and related supporting industries to southeast Africa as a whole."

Sun Group signed an agreement with Ethiopia Investment Commission in October 2016, plans to build a large textile and garment production base with a total investment of 980 million US dollars in the Adama Industrial Park.

Chen Lifen, chairman of sunshine group, said that the sunshine group has launched $350 million as a phase I investment. The planned 150 thousand square meter factory building has been completed and is about to start construction. It is expected to be put into operation in 1 years.

Qin Daqian, chairman of Huafang group, said that Ethiopia was the first of Huafang group.

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At present, the company is actively negotiating with the Egyptian side in the two phase of the Hawassa industrial park investment project, and hopes that through the joint efforts of both sides, the relevant contracts can be successfully signed.

In exchange with Chinese textile entrepreneurs, Haier has responded positively to a number of issues raised by enterprises, such as supporting facilities for industrial parks and siting of agricultural industrial sites.

He said, welcome.

After going to Ethiopia to carry out investment cooperation activities after full investigation and investigation, the government of Ethiopia is willing to work together with China textile international capacity cooperation enterprise alliance and many Chinese textile enterprises to promote the cooperation of Sino Egyptian textile industry to a new level with the help of the "one belt and one road" construction.

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