Sunday, May 19, 2024

Ethiopia to host third edition of China Trade Week


The founder of the popular China Trade Week, MIE Groups will host the third edition at the Millennium Hall for three days starting May 2, in collaboration with the Ethiopian Prana Events. It is expected to attract over 100 investors and business from China with a sideline Business to Business dialogue and for the first time, a parallel conference on day one of the show.
The trade fair and B2B talks will feature business in light industry and textiles, construction materials and machines, food and beverages, home appliances and furniture, lighting, and energy sectors.
Currently, over 400 Chinese investments valued at over USD four billion are active in Ethiopia, creating more than 100,000 jobs. In exchange, Ethiopia, during the 2017-2018 fiscal year, has already exported goods worth about 245 million USD to China, according to data from the Ethiopian Ministry of Trade and Industry.
“We look forward to welcoming thousands of professionals to this year’s CTW Ethiopia, on 2-4 May, at Addis Ababa, at a time when the country is going through significant positive economic and regional changes,” said Zahoor Ahmed, Director International Events, MIE Groups.
The Ethiopian Chamber of Commerce & Sectorial Associations Secretary General, Africa Zeleke stressed that these opportunities will be useful to attract investors to Ethiopia while promoting Ethiopian goods to the companies that import from here. “The chamber decided to partner with this trade fare as China remains the biggest market for many Ethiopian goods exported. This includes, 70 percent of our sesame. Also, the majority of our goods are imported from China and we want to narrow the gap of the trade imbalance by attracting FDI and helping technology transfer for our business.”
The managing director of Prana Events, Nebyou Lemma told journalists that the trade fair is expected to bring more investors to open manufacturing in Ethiopia, and mentioned the success of the previous two trade fairs.

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