Italy aims to increase machinery exports

Ethiopia: An Italian textile machinery delegation will be attending the forthcoming multi-industry Addis Chamber International Trade Fair (ACITF), to be held in Addis Ababa from 23 February to 1 March 2017. This delegation includes ACIMIT (Association of Italian Textile Machinery Manufacturer) associated members: Carù, Corino, Fadis, Ferraro, Itema, Marzoli, Mei, Reggiani, Roj, Salvadè, Savio, Sicam and Simet.

It may be noted that Ethiopia is an emerging country as far as textile and garments sectors are concerned. Factors like low labour cost, flexible trade agreements and gradually increasing GDP are attracting T&C manufacturing countries/companies to expand their base there. Also, the growing demand of textile machinery in Ethiopian market drives Ethiopian Government to attract foreign capital. Hence Italy, being a prominent player in textile machinery production, is probing at ACITF ’17 to strengthen its export of textile machinery to Ethiopia.

ACIMIT President Raffaella Carabelli is extremely confident about the Ethiopian market. “Our exports have grown significantly over the past five years, although their overall value remains quite modest (Euro 4.4 million in 2015),” she said, adding, “Over the first nine months of 2016, Italy ranked third, right behind China and Turkey, in terms of sales of textile machinery to the Ethiopian market. Our focus is on getting potential buyers to get to know and appreciate the quality of our technology, through opportunities such as the ACITF, as well as through the institutional missions organized in recent years,” Carabelli mentioned.