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Egypt garment exports up 40 per cent

  

Egypt’s readymade garment exports increased 40 per cent from January 2021 to October 2021, says Ready-Made Garments Export Council (RMGEC). The country is working at upgrading the export system, increasing exports on a continuous basis, and informing exporting companies of all developments in international markets. All services needed by factories to assist them in the export process for all markets will be made available.

Egypt’s textile exports increased 28 per cent during the first nine months of 2021. Exports of fabrics were up 17 per cent. Higher exports were driven by the gradual easing of restrictions in markets and the high vaccination rates across the world. Egypt wants to have stronger trade relations with Africa. Steps include taking part in international exhibitions in the African continent 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.

 
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