Home / Knowledge / News / Textiles / Ethiopia-Korea textile centre opens in Addis Ababa
Ethiopia-Korea textile centre opens in Addis Ababa
20
Jul '12
Ethiopia-Korea Textile Cooperation Centre has opened in Addis Ababa, the capital city of Ethiopia.
 
Speaking at the inaugural ceremony, Ethiopia’s Industry Minister Tadesse Haile said the centre would play a vital role in supporting the textile industry and also in achieving technology transfer.
 
He said the new establishment would allow Korea to share its wide experience and thus aid the development of Ethiopia’s textile industry, and also extend support to the private sector to help it raise its competiveness.
 
Textile and apparel sectors lead the list of priority industries recognized as the key drivers of industrialization policy in Ethiopia’s five-year Growth and Transformation Plan (GTP), Mr. Haile said.
 
Korea’s rich and wide-ranging experience in rapid industrialization, especially in development of green industrialization, and the lead role of Government in this regard, would help Ethiopia in realizing the GTP, he said.
 
The domestic textile industry in Ethiopia contributed about US$ 90 million to the country’s economy during the just concluded Ethiopian fiscal year, Mr. Haile said, and added that by end of the GTP period the industry is expected to earn US$ 1 billion from the export market annually.
 
Jae Do Moon, Korean Deputy Minister for International Affairs, Ministry of Knowledge Economy, said Korean assistance on textile front would greatly contribute to sustainable economic growth of Ethiopia. He mentioned that Korea would extend support on the front of textile technology transfer.
 
South Korean Ambassador to Ethiopia, Jong Geun Kim, said the two countries share bilateral trade ties for over past six decades and the inauguration of the centre would further bolster Korea’s existing trade ties with Ethiopia.
 

Fibre2fashion News Desk - India


Must ReadView All

Indian govt relaxes cabotage rule for cotton transport

Textiles | On 25th May 2018

Indian govt relaxes cabotage rule for cotton transport

The Government of India has relaxed cabotage rules for transportation ...

Courtesy: Teejay Lanka

Textiles | On 25th May 2018

Teejay Lanka doubles production capacity at Indian mill

Teejay Lanka, one of Sri Lanka’s largest textile manufacturers, has...

Courtesy: Messe Frankfurt/Yarn Expo Autumn edition

Textiles | On 25th May 2018

Yarn Expo Autumn 2018 scheduled earlier

Over 500 exhibitors are expected at the Yarn Expo Autumn 2018, being...

Interviews View All

Top executives
Textile industry, India

The event should be organised every year

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


May 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search