Ethiopia is one of the most important partners of China's textile enterprises for capacity cooperation in Africa. In 2017, Ethiopian attracted Chinese textile industry investment of 97.24 million US dollars, becoming the country with the most investment in China's textile industry in Africa (data from the Ministry of Commerce).

On the afternoon of December 14, Sun Ruizhe, president of the China National Textile and Apparel Council, met with visiting Ethiopian Prime Minister Dr. Arkebe Oqubay in Beijing. The two sides conducted in-depth exchanges on how to further promote the capacity cooperation of the textile industry in the two countries. A representative of the Ethiopian Embassy in China, the Commercial Counselor, and the Technical Adviser of the Ethiopian Investment Committee attended the meeting. Xu Yingxin, vice president of China Textile Association, executive director of the alliance, Yuan Hongping, director of the Foreign Affairs Office, director of the International Trade Office, vice president of the Textile Trade Promotion Association, Lin Yunfeng, secretary general of the Alliance, and Liu Yaozhong, deputy director of the International Trade Office, accompanied the Chinese delegation.

Sun Ruizhe first expressed his welcome to Dr. Alkabe and his party. He pointed out:

1. China and Egypt have frequent cooperation in the textile industry. He personally led more than 50 textile delegations to invest in Ethiopia in September this year. The members of the delegation were impressed by the determination of the Ethiopian government to attract foreign investment and the rapid development of the textile industrial park.

2. When we met with Ethiopian President in September this year, we believe that the Ethiopian government is one of the cleanest governments in Africa and is very open to learning the attitude of other countries to develop their own economies. We are willing to share Chinese textiles with Ethiopian friends. Successful experience in industry development.

3. China Textiles is willing to provide our world-class exhibition platform for the Ethiopian government, attracting potential investors from China and the source of brand buyers from around the world.

Alkabe thanked Sun Ruizhe for his help to the delegation's visit and highly praised China Textile Federation's support for Chinese textile companies to invest in Ethiopia. Alkabe first introduced the current political situation of Ethiopia to the Chinese side. The new prime minister took active measures after taking office. At present, the political situation in Ethiopia is stable. All ethnic groups and parties are working together in the direction of economic development, and they agree to attract foreign investment to the country. The importance of economic development.

In response to the concerns of Sun Ruizhe’s Chinese investors, Alkabe gave a response. Over the past year, the Ethiopian government has been striving to create a better investment environment for investors and has achieved great results. These include:

1. At present, Egypt has established a joint venture with international logistics company DHL to improve the current domestic logistics situation.

2. The construction of industrial parks in major countries is also accelerating. Several national industrial parks have started in recent months. On December 16th, the textile professional industrial park Dire Dawa will also hold a completion ceremony. At present, there are industrial parks distributed throughout Ethiopia, which can be freely selected by Chinese textile companies. The Ethiopian government plans to build 30 national industrial parks in different regions of the country by 2020.

3. An agreement with IFC (International Finance Corporation) to provide financial support for investors in Ethiopia.

4. The new government continues to vigorously support economic development and attracts foreign investment as an important part of its work. The new prime minister expressed firm support for Chinese textile companies to invest in Egypt.

In his speech, Xu Yingxin expressed his welcome to the Ethiopian government's emphasis on foreign investment, especially the Chinese textile industry's investment in Ethiopia. He said that China Textiles will continue to cooperate with Egypt to provide our exhibition platform resources for the Ethiopian government. Support and encourage Chinese textile companies to invest in Egypt and carry out all-round capacity cooperation.

At the request of Alkabe, the China National Textile and Apparel Council will provide professional advice and suggestions for the Ethiopian government to improve the business environment and increase the attractiveness of investment in the textile industry. Finally, the two sides also conducted consultations and communication on other specific cooperation matters in 2019.

Meeting background

In 2015, the China National Textile and Apparel Council signed a memorandum of cooperation with the Ethiopian Investment Committee. For more than three years, China Textiles has assisted Ethiopian to successfully hold five Ethiopian investment promotion activities in China, including high-end events such as the 2017 meeting between Prime Minister Esser and Chinese textile entrepreneurs. At the same time, nearly 10 professional textile investment delegations were organized to visit Ethiopia to conduct on-the-spot investigations on the investment environment of Ethiopia. The two sides have worked together to help the textile industry's capacity cooperation in the two countries, with remarkable results.

At present, Ethiopia is the largest economy in East Africa. With a GDP of 79.74 billion U.S. dollars in 2017 and an economic growth rate of 8.5%, Ethiopia is the fastest growing economy in Africa. Ethiopia has become a new hot spot for Chinese textile enterprises in recent years due to its stable macroeconomic and political situation, the government's incentives for the textile industry and the construction of professional parks, cheap and large-scale demographic dividends, and zero tariffs on exports to Europe and the United States. .

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