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Ethiopia achieves 70pc of the textile export target

Related Keywords: cotton production in Ethiopia, duty free import in Ethiopia, Ethiopian export target, Ethiopian Textile exports worth, Ethiopian textile industry, industrial zones in Ethiopia, textile exports

The Ethiopian Textile Industry Development Institute (EDITI) stated that the country’s textile exports for the first half of Ethiopian fiscal year 2015-16 are lagging behind the plan target.

The target was to achieve $60.07 million from textile exports, while only $41.1 million was attained, which is only 70% of the plan, said EDITI.

During the mid of last year, the government revealed ambitious plans to stimulate the sector by offering attractive incentives to investors.

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