Africa Has Great Potential In Cotton And Cotton Textile Industry.

At present, the total GDP in Africa is about $1 trillion and 600 billion, and the total consumption expenditure is $860 billion. 60% of the uncultivated farmland in the world is in Africa, and there are 52 cities with more than 1 million population. It is estimated that in 2020 Africa's GDP will reach US $2 trillion, consumption expenditure will reach US $1 trillion and 400 billion, people will have more disposable income, 50% will live in cities, and the whole continent will have great changes.

African cotton Production is mainly concentrated in West Africa, accounting for about 65%. In order to fully grasp the value chain, we should change from the original raw cotton exports to clothing with higher added value. Africa also has such a goal, hoping to have more opportunities to promote the export of finished products. African textile and clothing exports to the United States enjoy zero tariff, but last year, exports of African textiles and clothing to the United States amounted to only 730 million dollars. So our space is very large. African textiles and garments can enter the US and EU markets irrespective of taxes and quotas. Africa's exports to the EU account for 4% of its textile and clothing exports, and there is also tremendous room and potential for development.

There are 45 countries in the African continent, with 3 economic and trade zones. In 19 countries in central and South Africa, including Libby, Yanan to Madagascar, a total of 430 million people, this is a free trade area. tariff 。 Another free trade area is the South African development area, a total of 15 countries, covering 240 million people, and GDP is more than 760 billion dollars. Another is EAC, including 5 countries such as Kenya, and also a free trade area. GDP can reach US $74 billion 500 million, per capita income is US $558, population is over 133 million, and it is also a very important economic area. Next year, the 3 economic and trade zones will merge into one, renamed COMESA, and become the largest free trade area in Africa. The total population of the free trade area will exceed 1 billion 500 million, and the GDP will reach 2 trillion and 600 billion dollars after the merger. By 2025, the finalized African Economic Zone will become the largest free economic and trade zone. Africa hopes to introduce more foreign investment and investment, hoping to promote communication and communication between enterprises.

The Federation of African cotton and textile industries (ACTIF) is a member organization consisting of 19 African countries, with different manufacturers from the cotton industry chain. It was founded in June 2005. The Federation hopes to build a competitive cotton textile industry for Africa. Its mission is to provide services to members and make them competitive. The Federation held some activities, such as the most recent event held in Mauritius in March this year, and the next one will be in Ethiopia in 2012. The Federation also went online. Trade Link and magazine information, so that we can understand the cotton and textile industry in Africa. Cotton is very important for social and economic development in Africa.

Africa has a lot of land and labour resources. By 2040, there will be 1 billion 100 million working population and the largest labour population area. President Obama said that if you believe, you can do it.