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

Retail | On 1st Dec 2020

British retailer Arcadia enters into administration

UK clothing retail group Arcadia recently entered into administration ...

Pic: Fashion For Good

Textiles | On 1st Dec 2020

Fashion For Good launches Viscose Traceability Project

Fashion for Good, a global initiative to make all fashion good, has...

Pic: European Commission

Textiles | On 1st Dec 2020

Croatian, Belgian, Romanian firms win EUSIC challenge

Snake, a Croatian platform that enables users to wear outfits in...

Interviews View All

Top executives, Fabric manufacturers

Top executives
Fabric manufacturers

Domestic manufacturers would get an edge over imported products

Kamlesh Vaghela, RK Textiles

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Angelina Francesca Cheang, MY ANJE

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Ravindra Jain, Ashish Baid,

Ravindra Jain, Ashish Baid

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

Hardik Sanghvi,

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

John Kelley,

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Justin Chan & Shyam Gollakota, University of Washington

Justin Chan & Shyam Gollakota
University of Washington

A fabric that can store data without any electronics or batteries has been ...

Wolfgang Plasser, Lenzing AG

Wolfgang Plasser
Lenzing AG

The Lenzing Group is an international company headquartered in Austria...

Urs Stalder, Sanitized AG

Urs Stalder
Sanitized AG

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

Anisha Chaudhari, Threads & Shirts

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Vaanee Bhatia, Gritstones Clothing

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Rupa Sood and Sharan Apparao, Nayaab

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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 2020

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


Advanced Search