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African Cotton Textile Industry Has Unlimited Potential

2011/10/26 16:51:00 19

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Africa now

Gross domestic product

About $1 trillion and 600 billion and total consumption expenditure of US $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 Africa's GDP will reach US $2 trillion in 2020.

consumption

The expenditure will reach 1 trillion and 400 billion dollars, the people will have more disposable income, 50% will live in the city, and the whole continent will have great changes.

Cotton production in Africa is mainly concentrated in West Africa, accounting for about 65%.

In order to fully grasp

value chain

From Africa's original cotton exports to higher value-added clothing exports, Africa also has such a goal, hoping to have more opportunities to promote exports 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 for development.

potential

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There are 45 countries in the African continent, with 3 economic and trade zones.

Among the 19 countries in central and South Africa, including Libby, Yanan to Madagascar, a total of 430 million people, this is a free trade area with no customs duties.

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 enables us to learn about Africa's cotton and textile industry through online trade links and magazine information.

Cotton is very important for social and economic development in Africa.

Africa has a lot of land resources and labor.

Resources

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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.