China is helping Ethiopia improve environmental, social, and labor standards in the textile sector.
China attaches great importance to its cooperation with Ethiopia’s textile sector and consistently supports the sustainable development of the country’s textile industry through various means such as trade and investment. With a population of over 100 million, Ethiopia continues to attract more Chinese investors to its textile industry. There are over 30 Chinese textile companies in Ethiopia. If one were to look at the number of investors in Ethiopia, Chinese investors take the lion’s share. The role of China in Ethiopia’s foreign direct investment is immense. More than 80,000 new jobs have been created in industrial parks in the last Ethiopian fiscal year which ended on July 7 with Chinese companies hiring the largest number of job seekers, especially women.
China has been very generous in promoting foreign direct investment in Ethiopia, particularly in the textile and garment sector. China has contributed a lot in introducing new technologies and promoting environmental, social and governance (ESG) practices in the textile sector in Ethiopia and beyond. An enabling environment will be created to promote sustainable textile industry development and raise awareness of ESG among all stakeholders in the textile industry in Ethiopia and beyond.