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Textile & clothing sector still uncompetitive – Minister

04
Jul '09
At a 'Private Sector Development Conference', the Minister of State for Trade and Industry, Mr Tusa admitted that exports from key sectors like textiles and clothing was unsatisfactory, but has shown promising prospects for the future.

He said, “The competitiveness of the private sector in Ethiopia requires further improvement and investment, in order to effectively compete domestically and in the export market in a sustainable manner”.

He added by saying that "Lot of efforts are still required both by the Government and the private sector to improve the situation and new challenges were also expected to come as Ethiopia had joined the World Trade Organization (WTO)”.

He concluded by saying that, "To be effectively competitive in such an environment in the wider global economy, which is facing serious crises and uncertainty, definitely requires bold and well thought response”.

Fibre2fashion News Desk - India


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