In recent years, Ethiopia has gradually shown its advantages in the field of textile industry. Due to the improvement of China’s social level, labor costs have also risen, while Ethiopia’s labor costs are cheaper than China’s, and its geographical location is superior, it can “reach Europe quickly through the Suez Canal”. For Bangladesh, another textile center, major accidents such as the collapse of the Rana Shopping Center and the fire at a garment factory this year have seriously affected its reputation and severely damaged the local textile industry. In addition, Ethiopia also has significant production advantages such as high-quality cotton and suitable climate.
In fact, many countries in Africa have listed the textile industry as a key development industry, showing their respective advantages in the development of the textile industry: the textile industry is a traditional field in Egypt, Egypt has a relatively complete textile production chain, and the textile market scale is the largest in Africa. Ranked among the best; in Lesotho, the textile industry has become the largest pillar of employment, accounting for almost 50% of formal jobs, and the labor force is mature; the Namibian government has issued a series of laws and regulations to encourage and protect foreign investment, among which the policies in the export processing zone are particularly favorable; The advantages of Mozambique’s textile industry in attracting foreign investment are mainly the stable political situation in the country, the production of high-quality cotton, and the low cost of land and labor. Even better, the country can provide investors with market access to textiles… http://www.szyanbuji.com/
It has always been a general consensus that Africa has great potential for developing the textile and garment industry. However, due to the constraints of various factors, it will take time for Africa to develop into the next textile industry center. “From the World Trade Statistics of the World Trade Organization over the years, it can be seen that Africa’s import and export trade volume in textiles and clothing accounts for a small proportion of the world trade volume. In the past ten years, Vietnam, Bangladesh and other Southeast Asian countries have become the world’s textile and clothing Participants in free trade whose strength has been significantly strengthened have become strong competitors for China’s overseas textile and apparel orders.
Post time: Dec-01-2022
