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

Textiles | On 24th Jan 2017

Textile industry demands relaxation of laws from Budget

The upcoming Union Budget 2017-18 should focus on relaxing certain...

President Donald Trump; Courtesy: White House

Textiles | On 24th Jan 2017

US sets ball rolling for withdrawal from TPP

President Donald Trump has set the ball rolling for withdrawal of the ...

Textiles | On 24th Jan 2017

Indian cotton consumption estimated at 290 lakh bales: CAI

The domestic consumption of cotton during the crop season 2016-17...

Interviews View All

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Marten Alkhagen
Swerea IVF AB

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search