The Ethiopian government and Alibaba Group have signed an agreements to Establish eWTP ( electronic world trade platform) Ethiopia Hub according to Bloomberg.
The signing of three Memoranda of Understanding (MoU) between the Ethiopian Government and Alibaba establishing an eWTP Hub in Ethiopia was witnessed by Prime Minister Abiy Ahmed, Alibaba Group founder Jack Ma and Alibaba Group Director and Ant. Financial services group Chairman and CEO Eric Jing.
The eWTP Hub is intended to enable cross-border trade and provide smart logistics and fulfillment services. It will also assist Ethiopian small and medium-sized enterprises (SMEs) to reach China and other markets, and provide talent training and knowledge transfer.
Ethiopia is the second country in Africa to establish an eWTP hub after Rwanda. Alibaba is building the new partnership upon the success of other eWTP partnerships in Asia (China and Malaysia), Europe (Belgium) and Africa (Rwanda) in the past two years. As they build more hubs, Alibaba hopes to increase trade between the hubs and provide new opportunities for their merchants in the global economy.
Getahun Mekuria, Ethiopia’s Minister for Innovation and Technology said: “Today’s signing of the Ethiopia eWTP Hub is an important step in the development of a digital economy in Ethiopia. This engagement will greatly contribute to trade facilitation and open markets to SMEs not only in Ethiopia but in the wider region. We look forward to continue working with Alibaba Group and CCCI to realize the objectives of the platform which has the potential to transform the lives of many.” Eric Jing on his behalf said: “It is an honor to partner with the government of Ethiopia to establish the eWTP Ethiopia Hub,” He continued, “We will continue to support the creation of a more inclusive, digitally-enabled global economy, where small businesses can participate in global trade. We look forward to working together with entrepreneurs and SMEs from Ethiopia and other African nations to seize the opportunities provided by the digital era.”