On August 14, Mr. Filimon, CEO of TT LU Group from Ethiopia, arrived at our company and held a fruitful cooperation negotiation meeting, aiming to deepen cooperation between the two sides in multiple fields and achieve mutual benefit and win-win results.

After Mr. Filimon arrived, Ms. Hou Min, general manager of the company, first introduced the company's historical evolution, business scope, and honors to Filimon. Then, the two parties strengthened China-Egypt trade exchanges around core business segments such as building materials and auto parts, jointly expanded the business channels of cross-border e-commerce exhibition centers of Djibouti (overseas warehouses), and accelerated the promotion of China's "smart" manufacturing to sail overseas to reach in-depth cooperation.

From the collision of plans at the meeting to the handshake and group photo at the signing ceremony, this "Liaocheng Agreement" across mountains and seas not only writes a new chapter for the global layout of the cross-border e-commerce exhibition center of Djibouti (Overseas Warehouse), but also outlines a clear path for China-Egypt economic and trade cooperation to "promote win-win through industrial complementarity and use overseas warehouses as a bridge to connect the hearts of the people." With the implementation of cooperative projects, more Chinese "smart" manufacturing will go to the African continent through Djibouti (Overseas Warehouse) cross-border e-commerce exhibition and sales centers, and Ethiopia's characteristic resources and market potential will also open up broader growth space for Chinese companies.

Against the backdrop of the United States imposing tariffs on the world, the global supply chain layout has shown a trend of "decentralization and desmonumentalization". Some multinational companies are accelerating the migration of production capacity from East Asia and Southeast Asia to other emerging market areas to achieve tariff avoidance and geographic diversification. As one of the emerging markets, Africa is gradually entering the list of alternatives for industrial transfer for some companies. Several research institutions pointed out that Africa's potential lies not in a complete replacement of East Asia, but in taking on some production and transportation functions of "lightweight, modular, assembleable" links, and taking on a more flexible intermediate hub role in the global value chain. Against this background, Djibouti, an East African country with the advantages of free trade zones, port supporting facilities and duty-free policies, is ushering in a window period.