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ACIMIT to partake in ASFW exhibition in Ethiopia
19
Sep '17
An Italian textile machinery delegation of ACIMIT (the Association of Italian Textile Machinery Manufacturers) associated member companies, will partake in the African Sourcing & Fashion Week (ASFW), to be held in Addis Ababa, Ethiopia, from October 3 to 6, 2017. The companies will exhibit at the Italian pavilion organised by the Italian Trade Agency.

The ACIMIT associated members participating include Autotex, Bianco, Carù, Corino, Europrogetti, Fadis, Ferraro, Lonati, Loptex, Mei, Mesdan, Reggiani, Ssm Giudici, Tonello, Ugolini, and Willy.

In Ethiopia, textile and garments industry has a long history and tradition. The sector represents the lion-share of employment in the manufacturing sector. The Ethiopian government has launched the II° GTP, Growth and Transformation Plan, for 2015-2020 period to promote the industry and to exploit the several bilateral trade agreements signed with western countries. Moreover, the country is experimenting a long period of GDP growth.

In this positive economic climate, the demand for machinery by local textile companies has grown significantly. Over the past five years, Italian exports to Ethiopia have increased on average by 14 per cent annually. Their value in 2016 reached €3 million, and in January-May period, Italian sales were worth €1 million.

Due to the relevance of this market, ACIMIT, in cooperation with Italian Trade Agency, has set up over the years an intensive program for increasing contacts between operators from the two countries, including institutional and commercial missions in the country and incoming missions of Ethiopian delegates in Italy. Moreover, ACIMIT signed a MoU with the Ethiopian Textile Industry Development Institute in order to realise a textile technology centre. (GK)

Fibre2Fashion News Desk – India


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