News Column

China,Ethiopia : ETHIOPIA welcomes CHINESE investments

May 5, 2014

Ethiopia embraces a new wave of Chinese industrial transfers to enhance its manufacturing and industrialisation, which are vital to the African country s sustainable development.

The country is ready to receive any industries that relocating from China to advance both nations development.

Ethiopia has become one of the biggest recipients of textile industry relocation in Africa, and it is going to continue.

Ethiopia had a culture and tradition of accommodating and ensuring the success of foreign direct investment through competent policies.

If any serious investment fails in Ethiopia, then it is not the investor who failed but the country. The high-level visits by Chinese leaders reflect the friendship between the 2 countries, based on trust, understanding and respect. Their growing economic interdependence, Ethiopia and China are strengthening bilateral relations through political, cultural and education exchanges as well as through technical assistance.

Ethiopia is benefiting from these bilateral relations and China is considered Ethiopia s strategic development partner. The economic interdependence between the two is also growing.

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Source: TendersInfo (India)

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