< p style= "text-align: left" > according to the data released by Ethiopia "a href=" //m.pmae.cn/ "target=" _blank "textile" /a "industry development department, the export volume of the textile industry and the" a "and" a "industry in the first three quarters of the fiscal year (beginning in July 8, 2013) were US $84 million, an increase of 9 million 800 thousand US dollars over the same period last year. Germany, Turkey, Italy, Sultan, China and the United States are their main export destinations. < /p >
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< p > in recent years, Ethiopia textile industry's < a href= "http://m.pmae.cn/news/index_s.asp" > export < /a > performance has increased year by year, in the past 6 years, the average annual growth of 51%. According to the planning of Ethiopia textile development department, the textile and garment industry of this country will achieve export volume of US $250 million in the financial year. Therefore, although this figure is higher than the same period last year, it is still far below the target export volume this year. < /p >
< p > "Ethiopia intends to build itself into the next source country of the world's garment industry. At present, there are 60 garment factories and 15 textile factories in Ethiopia. Ethiopia industry minister TadesseHaile said. Now, with the increasing interest of the international market in Ethiopia's long history of textile industry, some large multinational companies begin to invest in the country. < /p >
< p > recently, Tesco, the world's third largest retailer, announced that it would buy more clothes from < a href= "http://m.pmae.cn/news/index_p.asp" > Ethiopia < /a >. H&M, the world's second largest clothing retailer, has also been looking for opportunities to make garments in Ethiopia. Kaljohn Persson, chief executive of H&M, said in an interview: "we have begun small-scale production in Ethiopia. Now we are mainly looking at the results. If the effect is good, we are very willing to further expand production here. < /p >
"P >" cotton production in Ethiopia is high. The government encourages domestic textile and garment industry to restrict cotton exports, and millions of hectares of land suitable for planting cotton remain undeveloped. In terms of labour force, Ethiopia has a population of about 90 million, with a large proportion of the population under the age of 30, and its population is expected to double in the next 20 years. These favorable factors boosted the development of Ethiopia's textile industry. < /p >