Why did the fund select Addis Ababa to be the seat of its representative office?
Mr.Wang: As I told you, the fund has invested over 800 million dollars within the last three years, out of which the four projects are in Ethiopia , which makes Ethiopia the country to have benefited most from the fund. A glass factory started production last year and a cement factory which is currently under construction I hope will start commissioning by the end of the year. The third project is a leather processing factory and its construction is going smoothly. We hope it will be finalised by the end of August this year. All the leather products will be exported to the international market. The fourth is a four star hotel project conducted jointly with Ethiopian Airlines. All the four projects are huge investments of the fund in a single country, so it shows you how significant the country is to Chinese companies. The projects are priority investment areas of the government and the local community. For instance, the cement and leather processing factories currently under constructi
Related Questions
- Must the chief of representative office come to Shanghai to handle these issues such as office registration, tax registration, bank account opening etc.?
- How is the cancellation procedures handled when the Representative Office terminates or winds up operation before termination?
- What has to be done to open an officially recognised representative office?
