ADDIS ABABA, Dec. 9 (Xinhua) -- A high ranking Ethiopian official attending a manufacturing sector development-themed conference in Ethiopia has called for innovative solutions to exploit the country's potential in the sector. This came during the UN Development Program (UNDP)'s 2023 Annual Development Conference, which was held under the theme "Can Ethiopia Become a Manufacturing Powerhouse" on Friday, explored Ethiopia's likelihood of transitioning from trading to manufacturing. "Industrial development is at the center of Ethiopia's development policy. Noting conducive and enabling economic environment as well as good governance are key elements in attracting investments and formatting trade, Bululta said the Ethiopian government has created an enabling environment and policy frameworks to support the sector. UNDP's working paper on the manufacturing sector that was presented during the conference noted that Ethiopia has considerable potential to become a manufacturing power, able to export 10 billion U.S. dollars by 2030, and create many thousands of jobs.

Source: Ethiopian News December 09, 2023 17:20 UTC