Ethiopia Misses Textile Export Target

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Ethiopia Misses Textile Export Target

Ethiopia has earned US$ 110 million from the export of textile and garment during the country's last fiscal year which ended on July 8, 2018.The earnings were 46% lower than the target set by the government, said the country's State Minister of Industry, Bogale Feleke in a meeting in Addis Ababa.

Feleke attributed the lower export performance of the goods to shortage of cotton, lack of trained manpower and social instability that hit most cotton producing regions of the country. As part of addressing the shortage in the supply of cotton, the state minister said the government has begun implementing the National Cotton Development Strategy to fix the setback effective this month.

This 15-year strategy was launched to significantly boost local cotton production and to put Ethiopia in a position as the top of cotton producing countries in Africa, he said.