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Ethiopia, A Golden Place Full Of Hope And Opportunity.

2019/7/9 15:34:00 0

Ethiopia

Ethiopia, known as the "African ridge", has a population of ninety million, and is Africa's second largest populous country. In recent years, the government has taken the textile and garment industry as the most important textile industry, formulated a series of revitalization plans, expanded the export of textile and garment industry, and improved the industrial chain, so that the textile and garment industry of the country is experiencing rapid development.

   At present, the textile and apparel industry of Ethiopia is still in its infancy, and only one hundred textile and garment enterprises, mainly small and medium-sized enterprises. In recent years, the Ethiopian government has carried out a series of policy and regulation reforms to revitalize the textile and garment industry, making it internationally competitive, trying to make Ethiopia into the emerging market production center of the global textile and garment industry and the regional center of OEM manufacturers.

At present, the textile and garment industry has become the top priority of the Ethiopian government in introducing foreign direct investment, promoting exports and the overall industrial development plan. In the second phase of the government's growth and transformation plan (GTP), it proposed that the export of Ethiopia garment and garment industry by US $1 billion by 2020 and the goal of solving 300 thousand people's employment.

In recent years, Ethiopia's textile and clothing exports have increased dramatically. The export products are mainly clothing, yarns, textile fabrics and cultural costumes. The industry has attracted substantial growth in attracting foreign investment. At present, the leading international brands such as PVH, H&M, Wuxi cotton and Jiangsu sunshine group have been successfully introduced, and the integration of the vertical industrial chain of textile industry has been realized on the basis of internationally renowned enterprises. About 50% of the textile and garment items have been wholly or partly funded by China. For textile people, this is undoubtedly a place full of hope and opportunity.

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