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10:00
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11:30
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The Rise of Africa’s Textile Industry: The Final Potential Land of Textile Trade and Investment?
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5.1 - E142 Forum Space
Moderator:
Liu Yaozhong, Vice Director, Office of International Trade, China National Textile and Apparel Council; Director, Sub-Council of Textile Industry, CCPIT
Panelists:
(1) Xu Yingxin, Vice Chairman, China National Textile and Apparel Council; Executive Vice Chairman, The Sub-Council of Textile Industry, CCPIT; Executive President of China Textile Go Global Union
(2) Amb. Mulie Tarekegn Edlie, Consul General, The Consulate General of the Federal Democratic Republic of Ethiopia, Shanghai, China
(3) Zhou Yejun, Chairwoman, Wuxi No.1 Cotton Mill Textile Group Co Ltd
(4) Zheng Haosheng, Chairman, Inner Mongolia King Deer Co Ltd
(5) Zhu Xingjian, Board Director, Wuxi Joyday Silkroad E-cloud Textile Corp Ltd
Summary:
Africa, spanning 30.2 million square kilometers with a population of 1.2 billion in 54 countries, is a newly-discovered resources with fruitful resources. A well-developed textile and garment industry is the key to successful industrialisation in Africa. Some African countries are gradually attracting the attention of global apparel brand buyers and textile supply chain manufacturers with their comprehensive advantages, such as their demographic dividend, zero-tariff policy for exports to Europe and the United States, and comparatively low energy cost. At the same time, the growing purchasing power of Africa is also expected to become an important consumer growth market for global textiles and apparel in the coming 30 years. In 2017, China’s textile and apparel exports to Africa reached US$18.4 billion, a 165% increase from 2010.
This panel discussion will mainly focus on the potential investment opportunities within Africa’s textile and apparel industry. Our guests come from various sectors including key African countries, Chinese non-investment companies, China's leading exporters to Africa, and the China National Textile and Apparel Council. They will share their opinion on the latest trends and changes in the current African textile and apparel consumer market, as well as investment opportunities, risks and challenges in Africa’s textile and apparel industry.
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