Home / Knowledge / News / E-commerce / Ethiopia inks agreement with Alibaba to join eWTP platform

Ethiopia inks agreement with Alibaba to join eWTP platform

27
Nov '19
Pic: Alizila
Pic: Alizila
Ethiopia yesterday signed an agreement with China’s Alibaba Group to join its Electronic World Trade Platform (eWTP), which was proposed by company founder Jack Ma in 2016 as an open platform for private enterprises and coordination among international organisations, governments and social groups focussed on development of small and medium enterprises (SMEs) and trade.

The eWTP was included in the communique of the G20 Summit in Hangzhou.

The documents of the memorandum of understanding include eWTP framework, digital capacity building and building comprehensive digital hub.

The eWTP has been recognised by the G20, as well as adopted by China, Malaysia, Rwanda and Belgium, according to a press release from Alibaba.

Witnessed by Ethiopia's Prime Minister Abiy Ahmed, Chinese ambassador to Ethiopia Tan Jina and Jack Ma, the agreement was signed by Ethiopia's minister of innovation and technology Getahun Mekuria and Alibaba Group director and Ant Financial Services Group chairman and chief executive officer Jing Xiandong.

"I believe in digital economy, and I believe in the small businesses in Ethiopia, young people in Ethiopia, entrepreneurs in Ethiopia will go to the world, will trade with the world, business with the world and partner with the world because of this digital economy," Jack said.

"The success of Ethiopia will not only inspire Ethiopian young people, it will also inspire the whole Africa to grasp the opportunities of digital economy," he added.

Prime Minister Ahmed said the initiative would enable his country to achieve its vision of becoming one of the top five African economies over the coming 10 years.

Fibre2Fashion News Desk (DS)


Must ReadView All

Pic: Shutterstock

Textiles | On 5th Dec 2019

Vietnam, Egypt should resolve issues to raise trade: MoIT

The two-way Egypt-Vietnam trade value of $470 million last year does...

Pic: Lenzing

Textiles | On 5th Dec 2019

Lenzing has vision towards net-zero CO2 emissions by 2050

The Lenzing group, a recognised leader in climate action, recently...

Pic: Shutterstock

Textiles | On 5th Dec 2019

Pak releases Rs 81.132 mn for textile industry development

Pakistan's ministry of planning development and reforms has so far...

Interviews View All

Textile industry, Head honchos

Textile industry
Head honchos

GenNext is slowly but surely adapting to global trends and practices

Top executives, Textile Industry

Top executives
Textile Industry

We will move away from mass production to production in micro-factories

Headhonchos, Indian textile value chain

Headhonchos
Indian textile value chain

'One nation, one tax' is a great concept

Ken Butts,

Ken Butts

The mission of Swiss company Datacolor is to empower its customers to make ...

Carolin Russ,

Carolin Russ

Weko, Weitmann & Konrad GmbH & Co KG, based in south Germany, is...

Yariv Bustan,

Yariv Bustan

Founded in Israel in 2015, Twine Solutions is a tech start-up that has...

Andreas Lukas, Andritz Nonwoven

Andreas Lukas
Andritz Nonwoven

With forces in engineering and process development, Andritz Nonwoven...

Mary-Cathryn Kolb, Brrr°

Mary-Cathryn Kolb
Brrr°

Atlanta-based private start-up Brrr° was founded in 2014 to develop...

Urs Stalder, Sanitized AG

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Sanjukta Dutta, Sanjukta's Studio

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Nisha Chanda, Whistling Woods International School of Fashion

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Priya Somaiya, Usha Social Services

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

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


December 2019

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


Advanced Search