ETHIOPIA: Textile, Garments Export Revenue Growing by 28% Annually
The income generated from textile and garments export has been growing by 28 percent annually, according to the Ethiopian Textile and Garment Producers Association.
Association Secretary General Endalkachew Sime told WIC that out of the 54 members of the association some 26 have been exporting produces to Europe, the US and Africa.
The government is providing various incentives such as helping producers to import raw materials tax free and enabling them to secure 70 percent of running cost in loan to motivate the sector and make it competitive, he said.
Last Update 2008-06-24