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The Eastern Industry Zone in Ethiopia has commenced.

The Eastern Industry Zone in Ethiopia is one of important contents about Chinese Government keeping a preceding pledge to cooperate with Africa, as the only China Economic and Trade Cooperation Zone of State-level Outbound of Suzhou. On May 13th, with the first project, Zhongshun Cement Factory, entering into the Eastern Industry Zone, started operations normally, so subsequently such China development zone mode in this remote Africa was taken the mystery of. With the rapid promotion of each foundation facilities, the Eastern Industry Zone initially has filled all the requirements for general projects to enter and station.
China and Ethiopia High Officials have increased concerns. 
In November, 2008, during Mr Wu Bangguo, the Chairman of China Central Executive Committee visit to Ethiopia, the Eastern Industry Zone was listed in one of High Visit three topics and it was brought forward that the Eastern Industry Zone would be built to become the demonstration zone sharing the success experience about China 30-year Reform and Opening-up between China and Ethiopia.      

  

 
In November, China Premier Wen Jiabao attended Sino African Forum and met with Ethiopia Premier, Meles Zenawi, and came to that “Such state key projects as the Eastern Industry Zone has progressed smoothly to be ensured to be delivered on schedule. The economic and trade cooperation zone will play an important role in developing the economic and trade relationship between China and Ethiopia. The problems to be solved in the cooperation between China and Ethiopia will be further discussed and consulted by the departments concerned of China and Ethiopia.”
                             
  
In January, 2010, the Eastern Industry Zone was an issue of consequence when the Minister of China Commerce, Chen Deming, met with EthiopiaPremier, Financial Minister and Trade & Industry Minister to communicate friendly and cordially.
                             
  

The Minister of Ethiopia Trade and Industry Department and State, Hira Tdyssey, pointed out that the Eastern Industry Zone was a investment project with originality in the field of Ethiopian national Industry infrastructure and Ethiopian Government has a high regard to such as a development module of the Industry zone; and also wished the Eastern Industry Zone to play an important role in the process of industrialization and national industry development strategy, as well as to be constructed to the Sino-Ethiopia economic and trade ties and diplomatic relations.
                             
  

“Ethiopia locally regarded the Eastern Industry as a new thing, as Chinatwenty years ago, it’s not ascertained that what the Industry zone was.” Suzhou City official of commerce department said that Ethiopia attached great importance to the development of the Eastern Industry Zone, which was also included in National Focus Development Projects, so Ethiopia Premier had a grasp of the status of the Eastern Industry Zone personally every month and set up Industry Zone Steering Committee and Technology Committee headed by Trade and Industry Ministry specially to implement the Act of the Eastern Industry Zone.
Foundation Engineering has advanced relatively fast.  
In order to promote the open economy transition and upgrade, to speed up the economic development of headquarter, and continuously to deepen the reform as the leading sample, Jiangsu Province has implemented the important acts that are ,outside China, both accelerating the construction of the economic and trade cooperation zone drive and helping and encouraging the qualified enterprises to establish the production bases, resources bases and marketing internet to bring along maturity industries, excess capacity, goods and labor services, capital and technology export.
The project planning area of 5 square kilometers, Phase I development area about 2 square kilometers and the total infrastructure investment of 500 million yuan RMB, the Eastern Industry Zone is driven together by China and Ethiopia and carried out by Jiangsu Yongyuan Investment Co., Ltd.. At present, the whole Jiangsu Province of China constantly strengthens the constructions about our outbound economic and trade cooperation zones, whose atmosphere is constantly reinforced, and make the enterprises overcome the adverse effects from the Financial Crisis to push forward all pre-phase work on the basis of firm convictions. The Eastern Industry Zone has developed and stepped into a new stage initially to have the requirements for the common projects to stain in.
Phase I land of 2 square kilometers has been wholly cleared well, the rail-fences are basically covered and the main roads and distribution network are as good as completed. By the end of 2010, greening the areas and blacking the road surfaces will have been completed. 5000 square meters of temporary offices, warehouse, living resident area, gate house, building and 10000 square meters of standard workshop have been built up and business normally. 50000 square meters of standard workshop is built again in 2010. 5000 Kilowatt of re-project electricity-use distribution circuit has been closed and 100000 Kilowatt of BUCK Station will have been built again by the end of 2010. At present, two wells water supply capacity is 75 tons per hour; three wells continuously are dug again in 2010 to complete the wastewater treatment project of 3000 tons daily output. 
The Minister of Ethiopia Trade and Industry Department and State, Hira Tdyssey, said: “The development of the Eastern Industry Zone is keep identical with the Industry progress strategy of Ethiopia.” Ethiopia Government is already aware of the importance of this initiate project, so 30% expense of some important infrastructure developments of the Eastern Industry Zone has been and decided and promised to underwrite by Ethiopian Government as to praise the investors. Besides, the investors to and the enterprises stationing the Eastern Industry Zone all have a right to enjoy all preferential policies and awarding stipulated in Ethiopian Law of Investment. As a item of specific services, Ethiopia Trade and Industry Department has urged Ethiopian Customs to provide on-site service and service for clearing the customs in the Eastern Industry Zone. The measure should greatly both help the Eastern Industry Zone speed up relevant construction and improve the efficiency of the enterprises economic activities, which now and will station the Eastern Industry Zone.
The prospects of the Eastern Industry Zone presents prosperous generally.
The Eastern Industry Zone suits near to the main roads of Addis Abeba, the capital of Ethiopia, so such a advantageous geographical position is and will be conductive to the International Trade proceeded on freely in Africa, the Middle East, Asia and Europe. Based on the market access of the Common Market of east and south Africa, the merchandises can enter freely into more than twenty-three African countries.
Our Chinese enterprises investment in Ethiopia not only has a large consumption market as well as radiating many more its peripheral countries, but also steer clear of trade barrier from such as Europe and U.S.A. on Chinese merchandises directly into European and American markets. The principal of Suzhou City Ministry of Commerce said: “Based on the economic comprehensive advantage, the Industry superiority, the enterprise advantage, the talent advantage of Suzhou, our city concentrates out-bound latent energy and potential capability ably to supply safeguard for the Eastern Industry Zone developing. ”
At present, IFC of the World Bank has passed the resolution about “the project of 2 plus 1”of the Eastern Industry Zone to take a Slice of 15% holding stocks investing in. Herein, “2” means two projects that the Bar and Wire Rod Production with 300000 metric tons and the Galvanized Colorful Coating Line with 100000 metric tons are self-establish into the Eastern Industry Zone; “1” means construction of infrastructure facilities of the Eastern Industry Zone. China-Africa Development Fund Co., Ltd. has passed “the project of 4 plus 1” the Eastern Industry Zone to take a Slice of 40% holding stocks investing in, and on the basis of IFC sharing “the project of 2 plus 1”, two startup reports about cement projects, respectively for Ethiopia East Cement Share Company and Zhongshun Cement Factory are added.
At the same time that two Big International Capitals in-sight joining, Ethiopia authorities has enhanced planning so timely that the exchange exit of grade separation bridge is programmed 2.5 Kilos near to the Eastern Industry Zone on the expressway to Port Djibouti; Ethiopian National Railways are near to be rebuilt alone the primary roadway that makes the value of plots aside rise up rapidly. The rushes of projects stationing in the Eastern Industry Zone have occurred on the basis of position advantage, land price advantage plus the unique matching and preferential policies. In May 2010, the first project named Zhongshun Cement Factory entering into the Eastern Industry Zone was self taken by Jiangsu Yongyuan Investment Co., ltd and has successfully produced normally by then. The total investment of Zhongshun Cement Factory is 950 million RMB Yuan, covering over 30000 square meters, 250000 mt of yearly cement capacity. It is forecasted that a profit of 120000000 yuan RMB will have been made by Zhongshun Cement Factory both to relief Local Ethiopian market cement absence as well as promote employment locally actively and to compact and strengthen the economic base for the Eastern Industry Zone developing continuously and rapidly.    
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