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Egypt’s textile exports up 28 per cent

  

Egypt’s textile exports increased 28 per cent during the first nine months of 2021. Fabric exports went up 17 per cent. Higher exports were driven by the gradual easing of restrictions and the high vaccination rates across the world. Egypt wants to have stronger trade relations with Africa. And to achieve this, its taking part in international exhibitions in Africa and setting up an Egyptian-African free trade zone. The main countries Egypt is interested in are Kenya, Zambia and Ivory Coast.

Egypt plans to develop its textile industry with the objective of becoming the next textile factory of the planet. Machinery will be renovated and workers will be trained. The vision is to quadruple exports of textiles and garments by 2025. The aim is to support Egypt’s private sector upstream manufacturers’ competitiveness in the world markets. The restructuring program aims at restoring Egypt’s prominent position in the world market and capitalising on the globally renowned fine Egyptian cotton fiber. The program includes the modernisation of spinning, weaving, knitting, dyeing, finishing, printing and confection, based on a product line definition which brings forth added value to Egyptian cotton, from cotton farming to readymade goods with world class levels in terms of quality and efficiency.

 
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