02 - 04 May 2019

Addis Ababa, Millennium Hall

Inaugural ‘China Trade Week’ to boost economic ties

Ethiopia is hosting the Chinese B2B matching trade show, ‘China Trade Week’, on 4th-6th of July at the Intercontinental Addis Hotel, Addis Ababa.

Addis Ababa, Wednesday 7th June 2017: Set to take place at the Intercontinental Addis Hotel from the 4th-6th of July 2017. China Trade Week (CTW) has been a huge success in countries including Kenya, United Arab Emirates, Iran and Ghana. After positive feedback of the African shows, CTW was encouraged by the African Union to expand its scope. As a result, CTW will be introduced to Ethiopia for the first time.

Industry sectors will include construction materials and machinery, smart electronics, clothing and textiles, power & energy, print, packaging & plastic, home interiors, health and beauty, kitchen & bathroom and agricultural machinery.

MIE events DMCC is the main organiser of the event, based in Dubai, and is working with Prana Promotion, a local organiser with many years’ experience in the local exhibition industry.

The 3-day event is mainly focused on B2B matching, for potential partners to discuss future trade relations. Designed to offer a perfect platform for the local business community to meet Chinese manufacturers, visitors can take advantage of the event’s high quality, competitively priced products. It will also bring Ethiopia’s business people face-to-face with Chinese companies creating a unique opportunity to meet, talk and develop the foundations of trading and business relationships.

Ethiopia has attracted companies with projects worth 14.5 Billion Birr. And Chinese companies are on the leading position in terms of capital and in manufacturing industry engagement followed by India and Turkey. Between August 2016-February 2017, 121 investment projects have been set operational and 45 are Chinese with a capital worth more than 3 billion Birr, According to Mekonen Hailu, Communication Directorate Director of the Ethiopian Investment Commission.

Mr. David Wang, Managing Director of MIE Events DMCC said “we are delighted to provide a trade environment that is conducive to creating stronger ties between Chinese companies and Ethiopian businesses looking to source products and services from China.

For visitors who have not had any experience working with China before and don’t know where to start, a conference will take place over the three days to give visitors background information about China and how to effectively trade with China.

Michelle Meyrick, International Events Director, commented: "A major target of the conference is to tackle the preconception that China only produces low quality products. Unfortunately, this is a problem we have across many countries, not just Ethiopia. The sessions will educate the local companies that you get what you pay for, if they have the investment for the products, they can get high quality products from China. "

Why Ethiopia?
In 2013 China’s President Xi Jinping announced the Chinese government’s initiative to re-establish the historical “Silk Road” trading routes. The initiative entitled “One Belt, One Road” is aimed at boosting connectivity politically, culturally and economically (both overland and by sea) between the continents of Asia, Africa and Europe, and is set to recreate relationships originally established nearly 2000 years ago. Ethiopia was among the first countries to show interest in the China-initiated Belt and Road.

It is the first time that China Trade Week will be brought to Ethiopia. After a series of China Trade Week’s successes, the African Union encouraged CTW to expand its scope. Similar to the recent flagship Ghana event, CTW Ethiopia will be more focused on B2B trade event offering a perfect platform for the local business community to meet Chinese manufacturers and take advantage to the event’s high quality, competitively priced products.

Ethiopia and China have developed an especially close relationship in the 21st century. Over the years the two countries have conducted a fruitful cooperation in such fields as politics, trade, economy, culture, education, health and international affairs.

China and Ethiopia continues to merge their efforts to further deepen the long-term stable, equal and beneficial partnership between the two countries.

Ethiopia has recently experienced strong GDP growth, about 11% between 2003 and 2015, and is expected by the IMF to be the fifth-fastest growing economy in 2017. The Ethiopian government is striving to achieve middle-income country status over the next decade.

The Ethiopian Prime Minister met with his China counterpart Li Keqiang (Kongchaan) last month in Beijing to attend the Belt and Road Forum for International Cooperation. The two prime ministers witnessed the signing of a series of bilateral cooperation documents covering environmental protection and tourism.

Landlocked Ethiopia relies on the ports in Djibouti for overseas trade. Asia and Europe are the largest export markets of Ethiopia, each accounting for one-third of the exports. About one-third of Ethiopian exports to Asia are destined for China. Thanks to China’s investment in the railway, the Addis Ababa–Djibouti Railway, a container will now only take 10 hours to reach Djibouti rather than 3 days.

Dozens of Chinese firms are also currently engaged in the construction of roads throughout Ethiopia, managing nearly 70% of the road work in the country.

Over the past 6 months, 121 investment projects have been set operational and 45 are Chinese with a capital worth more than 3 billion birr. Ten giant Chinese companies have already decided to invest in Ethiopia, five of these companies are licensed to invest in textile and garments. Since 2005, China has already invested 293 FDI projects in Africa making it the leading Foreign Direct Investor in Ethiopia, totaling an investment outlay of 66.4 billion US dollars and creating 130,750 jobs. According to the Heritage Foundation and American Institute, China’s total investment in Ethiopia in 2016 is over $20 billion.

Just to give you an idea of what CTW can offer I would like to share some of the success that we’ve had already. In Kenya we had a company called Yue Shi Huihong Tea Development Company who did an onsite deal for $2.9 million dollars for 20 containers of green tea.

Another huge deal was for Shan She Min She Electronic technology who signed a $1m dollar deal for 1000 oxygen concentrators. So we are bringing companies providing what local companies needs and who have the capacity to deliver.

This is the first event here so I cannot give you past event figures for here, but as a result of the China Trade Week events in Kenya, around 15 companies have opened a shop in Kenya, 5 companies invested in Kenya in the industrial zones or agricultural sector, and almost all got an agent in Kenya. Obviously we hope to have similar success in Ethiopia.

As with any trade event, securing support and working closely with the local and regional business community is essential. China Trade Week is lucky enough to have the support of our strategic partners:

• The (Federal Democratic Republic of Ethiopia) Chemical & Construction Inputs Industry Development Institute
• The (Federal Democratic Republic of Ethiopia) Food, Beverage and Pharmaceutical Industry Development Institute
• Ethiopian Airlines
• China Council for the Promotion of International Trade
The Federal Democratic Republic of Ethiopia Ministry of Trade have also patronage this event

Event details are as follows:
DATE: July 4-6, 2017
TIME: Day 1&2: 10:00am-6:00pm, Day 3: 10:00am-4:00pm
Venue: Intercontinental Addis Hotel, Addis Ababa
Free Entrance

For further details, please contact:
Michelle Meyrick Nebeyu lemma
International Event Director (MIE) Managing Director (Prana)
Tel: +971 (0)4 425 3337 Ext 201 Tel: +251 116184365

Source: https://www.diretube.com/articles/inaugural-‘china-trade-week’-to-boost-economic-ties_15285.html

Published: 06/20/17