Addis Ababa York (HAN) May 5, 2014. Ethiopia is ready to embrace a new wave of Chinese industrial transfers to enhance its manufacturing and industrialization, which are vital to the African country’s sustainable development, Ethiopia’s president said. Mulatu Teshome said his country is ready to receive any industries’ relocations 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,” he said.
“Now I advise my Chinese friends to really take the first step to fully relocate their plants in any industry to Ethiopia, as we have made a list of incentive packages.”
He made the remarks in a joint interview in the Ethiopian capital Addis Ababa earlier this week, ahead of the visit of Premier Li Keqiang, who will undertake his first Africa tour since taking office last year.
Teshome said Ethiopia has a culture and tradition of accommodating and ensuring the success of foreign direct investment through competent policies.
“We consider that if any serious investment fails in Ethiopia, then it is not the investor who failed but the country,” he added.
He also said the high-level visits by Chinese leaders reflect the friendship between the two countries, based on trust, understanding and respect.
With their growing economic interdependence, Ethiopia and China are further strengthening bilateral relations through political, cultural and education exchanges as well as through technical assistance, he said.
“Ethiopia is benefiting from these bilateral relations in the aspect of the transfer of technology and know-how. And China is considered Ethiopia’s strategic development partner. The economic interdependence between our two countries is also growing,” Teshome added.
He also refuted Western rhetoric that claims China is dominating Africa to exploit the continent’s cheap raw materials and natural resources. He said the relationship between China and Ethiopia has been robust despite Ethiopia’s lack of mineral manufacturing or resource production.
“The political rhetoric that China is out to grab African land and African resources – I don’t buy it,” he said.
“It’s not the raw materials or natural resources that attract Chinese to Ethiopia. Rather, it is the mutual interests and benefits, mutual respect and common understanding we have. And it is going to be further strengthened.”
He pointed to the infrastructure sector as an example. It is Chinese companies with financial assistance from their homeland’s government that are undertaking most of the projects vital to Ethiopia’s industrialization.
China is also ready to encourage more Chinese investors and entrepreneurs to invest in Ethiopia, Chinese ambassador to Ethiopia and the African Union Xie Xiaoyan said in a news conference in Addis Ababa later on Wednesday.
“I believe the visit of Premier Li Keqiang will give a big impetus for this joint effort,” he said.
Xie noted Li’s visit will focus on agriculture, infrastructure, industrialization and other sectors closely related to both countries’ development. Sources: firstname.lastname@example.org
The latest updates Follow twitter.com/GeskaAfrika
Geeska Afrika Online (1985 -2014) – The International Gateway news and views about the Horn of Africa (Ethiopia, Eritrea, Somalia, Somaliland, Sudan, South Sudan, Djibouti, Kenya and Uganda), the best IGAD news and information Online Site for the last 20 Years.
HAN & Geeska Afrika Online (1985-2014), the oldest free independent Free Press in the region, brings together top journalists from across the Horn of Africa. Including Ethiopia, Somalia, Eritrea, Sudan, Djibouti, South Sudan, Uganda, Kenya, Oromo, Amhara, Somali, Afar and Harari. Plus, we have daily translations from 150 major news organizations in the Middle East and East African regions. Contact at email@example.com