China’s CNTAC interested to invest in Ethiopia

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The China National Textile and Apparel Council (CNTAC) has expressed interest to invest in Ethiopia, whose President Mulatu Teshome recently held discussions on investment opportunities in the country with a Chinese delegation led by CNTAC president Sun Ruizhe. The delegation visited Ethiopia for feasibility studies for large-scale textile investments.

China is encouraged by trade relations of Ethiopia with Europe and the United States, potential labour resources and the availability of raw cotton, Ethiopian media reports quoted Sun as saying.

The Ethiopian Government will provide every necessary support and incentives to investors who want to engage in the manufacturing sector, protocol and communication director at the Ethiopian presidential office Ashebir Getnet said.

The delegation visited the Hawassa Industrial Park. (DS)

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