African Union'S Ethiopian Government: Hopes To Cooperate With China In Docking Capacity

On July 6th, the China Africa industrial cooperation development forum should be invited by the African Union and Ethiopian government to go to Ethiopia and the Au trade ministers, the Ethiopian industrial minister and the Ethiopian Investment Promotion Bureau to carry out in-depth talks aimed at implementing the results of the ten major Sino African cooperation plans after the summit and promoting the landing and implementation of Sino African cooperation projects.

African Union Ministry of trade and Industry

Maphanga, Minister of trade and industry of African Union, said that the Ministry of trade and industry is to promote Africa in industry.

An important body of foreign cooperation in the field of customs and other fields is committed to accelerating the construction of African integration, strengthening cooperation in Africa's external capacity and the process of industrialization in Africa, and promoting smooth trade and customs clearance.

Minister Maphanga spoke highly of the contribution made by the Chinese government to Africa and thanked China for its support for the establishment of the Au Conference Centre.

She also said that the African Union is very willing to learn from China's experience in reform and opening up, and hopes that African governments and enterprises will come to China to carry out exchanges and cooperation with China.

Mr. Cheng Zhigang, Secretary General of the China Africa Industrial Cooperation Development Forum, presented the Chinese gift to Maphanga, Minister of trade and industry of the African Union.

The African Union Ministry of trade and industry has set up industry, trade and customs departments. The head of the Ministry of trade stressed that the Au attaches great importance to the development of the service industry in Africa and hopes to learn from China's experience in the development of service trade.

In addition, he mentioned in particular that he hoped to cooperate with him.

Such powerful Chinese enterprises should exchange and cooperate.

The head of the Ministry of Customs exchanges with delegations from customs union, electronic port, trade clearance, and reducing pportation costs, expressing the hope of learning more management knowledge from China.

Ministry of industry of Ethiopia

AhmedAbtew, Minister of industry of Ethiopia, introduced the advantages of Ethiopia's industrial investment. Ethiopia has a population of about 90000000, with a population of over 30 and a workforce of 70%.

At present, the Ethiopian government wants industry.

Investors will invest and build factories locally, and the government will grant preferential policies for land and taxes.

Now, at the time of ese's investment, esse now has several larger industrial parks, such as the Oriental Industrial Park of China's investment and construction, which is more successful. Mr. Minister hopes Chinese investors can build more industrial parks in Ethiopia, and the industrial products produced by enterprises in the park can be sold in the country and in the surrounding countries.

The delegation held talks with the Minister of industry of Ethiopia.

In terms of energy, Ethiopia welcomes enterprises to invest in solar energy projects to solve the problem of local power shortage.

In terms of agriculture, he hoped that Chinese enterprises could make intensive processing of Essen products.

In the food industry, Esso's coffee and sesame oil are very famous, investors can build factories in Ethiopia, but coffee can not be sold in Ethiopia, but can only be exported abroad.

Abtew minister is very sure of the rapid development of China's industrial manufacturing industry, hoping to learn from China's industrial equipment manufacturing and management experience, strengthen cooperation in industry and production capacity, and build a number of influential industrial parks.

Ethiopia Investment Bureau

Mr. TEKA GEBREYESUS, deputy director of Ethiopia Investment Bureau, said that the investment bureau is the first threshold to invest in Ethiopia. Under the direct leadership of the prime minister, he is responsible for introducing the investment environment, managing foreign investment and formulating regulations and policies for free trade zones and industrial parks, and authorizing, opening accounts, visas and issuing permits for foreign investment.

Foreign investors' consultation, policies, investment contents, investment packages and services need to be handled by the Investment Bureau.

The Secretary briefed the delegation on the investment and preferential policies of Ethiopia. For example, the enterprises can enjoy 15 duty-free tax in the park, and the electricity price of Ethiopia is very low, and it costs only 4 cents per kilowatt hour (about 0.267 yuan).

The amount of investment required by enterprises to invest in Ethiopia is not high, and the limit is not large. The investment amount can only reach more than 200 thousand US dollars. The threshold is low and involves a wide range of fields.

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Cheng Zhigang, Secretary General (left 1), talks with Mr. TEKA GEBREYESUS (right), deputy director of the Ethiopia Promotion Bureau.

With regard to the use of Ethiopia, industrial, real estate and residential land can be used for 80 years (commercial land in China for 40 years, and residential for 70 years).

The Investment Bureau encourages China and Ethiopia to carry out industrial cooperation and development, hoping that enterprises can invest in Ethiopia to build factories, solve problems such as local employment, export of products and foreign exchange, and so on, which is not very encouraging for trade cooperation.

The Secretary hoped that the China Africa Industrial Cooperation Development Forum will lead Chinese enterprises to establish a Sino African Industrial Park in Ethiopia and bring good manufacturing to Ethiopia.

The early Chinese leather factories and building materials factories invested in Ethiopia have gained very good returns. The local government supports this very much.