Ethiopia opens to Italian textile machinery
Italian textile machinery delegation will present at the
upcoming multi-industry Addis Chamber International Trade Fair (ACITF),
to be held in Addis Ababa from 23 February to 1 March 2017.
Ethiopia is an emerging production hub for the global
textile and garments industry. Cheap labour costs, free trade
agreements with major Western markets and a constantly growing
economy (with a forecast GDP of 10% for the coming years) have
made this Sub-Saharan African country a choice destination for
the manufacturing of garments by major industry retailers.
ACIMIT President, Ms. Raffaella Carabelli.
Given the necessary upgrade in technology required,
the demand for textile machinery is growing consequently,
sustained by incentive schemes enacted by the government
authorities to attract foreign capital.
Thus, the 21st edition of the multi-industry ACITF
trade fair will feature a delegation of Italian textile
machinery manufacturers at the Italian pavilion organized by the
ICE-Agency. Among these are the following ACIMIT associated
members: Carù, Corino, Fadis, Ferraro, Itema, Marzoli, Mei,
Reggiani, Roj, Salvadè, Savio, Sicam and Simet.
ACIMIT President Raffaella Carabelli is very
confident regarding the Ethiopian market, “Our exports have
grown significantly over the past five years, although their
overall value remains quite modest (4.4 million euros in 2015).”
Over the first nine months of 2016, Italy ranked third, right
behind China and Turkey, in terms of sales of textile machinery
to the Ethiopian market. Carabelli continues: “The quality of
our machine technology is superior to that of our competitors
currently operating in this market. Our focus is on getting
potential buyers to get to know and appreciate the quality of
our technology, through opportunities such as the ACITF, as well
as through the institutional missions organized in recent years,
thanks to the support of the Ministry of Economic Development
and ICE-Agency.” To further strengthen Italy’s presence in
Ethiopia, in 2015 ACIMIT signed a memorandum with the Ethiopian
Textile Industry Development Institute for the creation of a
technology center providing expert training on textile
machinery, thereby contributing to the professional training of
future textile operators in Ethiopia.