ETHIOPIA: Textile, Garments Export Revenue Growing by 28% Annually
The income generated from textile and garments export has been growing by 28 percent annually, according to the Ethiopian Textile and Garment Producers Association. Association Secretary General Endalkachew Sime told WIC that out of the 54 members of the association some 26 have been exporting produces to Europe, the…
Egytex News Desk
Egytex
The government envisages securing over 500 million USD by 2010, the Secretary General said, adding that the revenue obtained from the sector is at present low despite the continuous growth.
Although the set direction and plan is consistent with the cotton production and capacity of manpower in the country, producers have failed to seize the tax free opportunity available in various countries, he indicated.
Over 12.6 million USD was obtained from textile and garment last Ethiopian year,it was learnt.
Source: Waltainfo.com
From the Egytex news archive, first published on 24 June 2008. Figures and names are as reported at the time.
