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Thursday, 30 September 2021 14:02

Egypt’s annual apparel trade surpasses EGP 300 billion

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According to Mohamed Abdel Salem, Chairperson, Federation of Egyptian Industries’ Ready-Made Garments Chamber, the country’s apparel trade now surpasses EGP 300 billion per year as imports have dropped due to Decree No. 42, which required importers to register with the General Organization for Export and Import Control (GOEIC). In addition, the Ready-Made Garment Chamber and Gahez Digital Marketing recently inked a collaboration pact.

Salem says, these factors aided local businesses to improve their products and produce high-quality clothes to meet market demands. The Federation of Egyptian Industries (FEI) is one of the country’s largest employers’ associations, with 20 industrial chambers as members, representing over 60,000 industrial enterprises, with over 90 per cent of them belonging to the private sector, which employs over 7 million people and accounts for 20 per cent of the country’s GDP.