Ethiopia makes US$ 610 million export earnings from Chinese developed commercial parks|News Ghana

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Ethiopia has actually made 610 million U.S. dollars from Chinese developed commercial parks, the Ethiopia Industrial Park Development Corporation (EIPDC divulged on Sunday.

Behailu Kebede, Marketing and Communications Department Chief at EIPDC, stated the 610 million U.S. dollars export income was made from 13 Chinese developed commercial parks.

Kebede even more stated the 13 commercial parks have actually developed task chances for more than 89,000 Ethiopians, reported state media outlet Ethiopia Broadcasting Corporation (EBC.

“The textiles and other export related products produced by industrial parks have garnered good reviews by European and North American customers,” Kebede stated.

Ethiopia presently has 13 functional commercial parks, with numerous more under-construction anticipated to be commissioned throughout the present Ethiopian Fiscal Year 2020/2021.

In current years, Ethiopia has actually started commercial parks’ building and commissioning activities, as part of a broad financial technique to make the nation a light production center in Africa by 2025.

The Ethiopian federal government has actually connected excellent significance to cooperation with Chinese companies in different fields.

These consist of the building of commercial parks together with giant Chinese companies buying different commercial centers, most of which were developed with Chinese knowledge and financing.

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Ethiopia makes US$ 610 million export earnings from Chinese developed commercial parks|News Ghana