3 January 2013

Ethiopia Earns Over U.S $35 Million From Five Months Textile Exports

The Ethiopian Textile Industry Development Institute has announced that the country earned US$35.6 million from textile exports in the first five months of this financial year.

Ato Bantihun Gessese, Public Relations Officer of the Institute, said this had been earned from the export of clothing, ready-made garments, sheets and yarns, to African, Asian, European and US markets. Australia, Austria, Germany, Canada, China, Japan and Israel are major importers of these products.

According to the Institute, the total exports for the year 2012-2013 are expected to amount to US$ 227.5 million. There are ninety textile factories currently operating in Ethiopia. The Ethiopian Textile Industry Development Institute has been established to provide support for investors interested in textiles, and is responsible for facilitating the provision of land for factory construction, credit and power supplies.

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