“Ethiopia Investment Prospects under "One Belt, One Road" Strategy
The 21st Century Maritime Silk Road is a trade and cultural exchange route connecting East and West, spanning several civilization centers in Asia, Europe and Africa. Africa, as one of the countries along the route, is increasingly becoming a hot spot for international investment due to its rich natural resources and development potential. China, as an important economy in the world, has become a trend to invest in Africa and go to Africa for development. Ethiopia is currently committed to building a manufacturing center in Africa and actively undertaking China's industrial cooperation and capacity transfer.
Ethiopia is located in the Horn of Africa, bordering with Sudan, Kenya, Djibouti, Somalia and Eritrea. With a total area of about 1,103,600 square kilometers, Ethiopia is the third largest country in Africa. Being not far from major ports on the Red Sea and Indian Ocean, Ethiopia has convenient transportation conditions for trade and investment in the region.

Advantages: 1. Ethiopia has a more stable political and economic environment, the political risk of investment is small. 2. The central government regards textile as a priority industry, and the development strategy idea of special industrial park as the basis and various incentives as the key content is conducive to the establishment of export-oriented industries. 3. The monthly salary is about 80-100 USD.4. The price of electricity is very low, 30 cents per kilowatt-hour. 5. The potential of cotton cultivation in Ethiopia is huge, and it has the possibility of developing the whole textile industry chain from cotton to garments.6. As one of the least developed countries, Ethiopia enjoys the preferential trade policy of zero tariff and zero quota for exports to the United States and Europe. 7. The infrastructure of Ethiopia is improving, and the China route of Egypt Air is operating well. In addition, the National Development Bank of Ethiopia also provides financing support for the textile and garment industry up to 70% of the investment amount, with preferential interest rates as low as 8.5%. If inflation and currency depreciation are taken into account, local loans are very suitable.

Wuyang Textile Machinery attaches great importance to the development and layout of the African market. This time, the company participated in the 2017 Ethiopia Textile and Garment Industry Exhibition and received the attention of customers from Ethiopia, Kenya and many other African countries, who were very interested in the company's 288 model for plush fleece blanket, SMJ-Ⅲ model for mesh bag and 2295 model for sandwich mesh and had the intention to purchase.

Wuyang Textile Machinery attaches great importance to the development and layout of the African market. This time, the company participated in the 2017 Ethiopia Textile and Garment Industry Exhibition and received the attention of customers from Ethiopia, Kenya and many other African countries, who were very interested in the company's 288 model for plush fleece blanket, SMJ-Ⅲ model for mesh bag and 2295 model for sandwich fabric and had the intention to purchase.