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Tuesday, 07 September 2021 12:48

Egypt's clothing trade improves as imports decline

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Egypt's clothing trade has improved significantly and exceeds EGP 300 billion annually. Mohamed Abdel Salem, Chairperson, Ready-Made Garments Chamber, Federation of Egyptian Industries attributes this to the decline in imports due to decree No. 42 which obligated importers to register with the General Organization for Export and Import Control (GOEIC). Also, a protocol of cooperation has been signed recently between the Ready-Made Garments Chamber and Gahez Digital Marketing

These factors helped local companies to improve their products and manufacture high-quality clothing to cater to the needs of the market, Salem adds. 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 out of which more than 90 per cent belong to the private sector accounting for more than 7 million workers and 20 per cent of the national economy.