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Each day TFO Canada publishes a sample of trade news on the Canadian import market along with any new, updated or changed regulations and legislations regarding international trade; countries in which TFO Canada offers services and on the export sectors which it promotes.

 

Ethiopia: Textile Exports Target U.S.$2.3 Billion Revenue in GTP II

Monday, November 09, 2015 > 11:31:45
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(All Africa)

The Ethiopian government has announced plans to generate 2.3 billion dollars in revenue from the export of textile products in the GTP II period. Revenue will be gained by raising competitiveness of textile companies through capacity utilisation, encouraging local and foreign investments and expanding industrial parks. The textile sector earned 455 million dollars in the GTP I period, just under half of the planned amount. The Ayka Addis Textile & Investment Group, contributed the largest share of these earnings, registering 272.2 million dollars. Other major players during GTP I included Adama Spinning Factory, Bahir Dar Textile S.C., Bay Kebire Enterprise, Elsie Addis Industrial Development Plc, Kombolcha Textile S.C., MNS Manufacturing Plc and Selendawa Textile S.C., which had together contributed 20pc.


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