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June 2013
ETHIOPIAN MISSION FOR ITALIAN TEXTILE MACHINERY
In July, a mission of Italian textile machinery manufacturers will be travelling to Ethiopia,
whose textile and garments sector is a market with great growth potential
From 1 to 4 July, a business and institutional mission organized by Italian Trade
Promotion Agency and ACIMIT, the Association of Italian Textile Machinery
Manufacturers, will be travelling to Ethiopia. The mission is intended to strengthen
contacts between Italy’s textile machinery industry and the local textile and garments
sector.
Between 2004 and 2010, Ethiopia recorded a GDP growth rate of 11%, ranking among
the world’s fastest growing economies . In 2012, GDP growth came in at 7%, and is
expected to remain at th is level for the coming years . The Country’s textile and garments
industry is one of its essential sectors, employing 20% of the nation’s entire workforce,
and the Ethiopian government has created a variety of support programs to promote the
industry.
In this economic climate, the demand for machinery by local textile manufacturers has
grown significantly. Over the past five years, machinery imports to Ethiopia have
increased on average by 13% annually. In particular, Italian exports rose 7% annually
between 2008 and 2012. The value of Italian exports toward the Ethiopian market
amounts to roughly 2 million euros (2012). Italian spinning and finishing machinery are
among those most in demand by Ethiopian textile producers.
“Ethiopia is a Country with great prospects that is willing to invest in order to allow its
textile sector to continue to grow ,” explains Raffaella Carabelli, President of ACIMIT.
“The goal of this mission is not just to present what our sector has to offer, but to
develop a dialogue with the local authorities for a program of long term cooperation”.
A total of 8 associated companies will be participating in the programmed event in Addis
Abeba: Bianco, Corino, Fadis, Marzoli, Mesdan, Reggiani, Savio, Stalam.
Contacts:
Mauro Badanelli, ACIMIT Economics-Press, Web: www.acimit.it, Tel. +39024693611
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