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Involvement of Chinese Investors Will Create Jobs for Young Graduates: Special Advisor to PM Featured

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Involvement of Chinese Investors Will Create Jobs for Young Graduates: Special Advisor to PM
Addis Ababa September 01/2016 The involvement of Chinese investors will contribute to the nation's efforts to create jobs for young graduates, Special Advisor to the Prime Minister Arkebe Oqubay said.

Speaking on China (Guangdong)-Ethiopia Economic and Trade Cooperation Conference, Arkebe said creating new jobs for professional graduates is a greater challenge for Ethiopia.

In the coming ten years, Ethiopia has planned to create 200,000 jobs every year in manufacturing sector and the number of jobs to be created will reach two million.

“We believe this will help to bridge up close collaboration with China, which is restructuring its economy with wider experience in light manufacturing industries”, the special advisor stated.

According to Arkebe, Ethiopia’s manufacturing sector has grown by 20 percent in medium and large enterprises over the last five years.

The partnership with China goes beyond investment as it has significant contribution to improvement in technology, skill and knowledge transfer.

The Government of Ethiopia will encourage and support Guangdong investors who have shown interest in building light manufacturing and industrial parks, he stated.

The Governor of China's Guangdong Province Zhu Xiao Dan said on his part pledged to support Ethiopia’s industrial parks development and capacity building.

Guangdong province attaches great importance to the economic and trade cooperation with Ethiopia, he said, adding that the province supports and encourages Chinese investors to invest in Ethiopia.

He further said the province will share its rich experience in highway, railway construction, telecommunication, and power, among others.

Guangdong’s trade with Ethiopia has increased from 114 million USD to 1.15 billion USD with an annual growth rate of 78.6 percent from 2010 to 2015, it was indicated.

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