Ethiopian textile and garment producer businesses are to hold a meeting of their association tomorrow at the Chamber of Commerce auditorium to secure effective utilization of the African Growth Opportunity Act (AGOA) provided by the US government to help 38 African countries to export their products quota and duty free. The association was established a few months ago.
Members of the association would discuss at their meeting minutes of the association and steps to be taken to have the association legally registered, according to one of its founding members.
He told Addis Tribune that one of the reasons why Ethiopia ranked last among African countries, which were given the chance to import to the US market, was that there was no meaningful coordination among producers, and lack of support from those already established.
The aim of establishing the association was to have sufficient financial access to use the American market and to guarantee reliable export schemes. ?e are trying to have the association recognized by the government and financial institutions to get long-term loans to build our financial capacity,?he said.
Members of the association are to discuss matter related to strengthening the capacity of the association and creating an effective collaboration among producers.
