During year 2003 the Egyptian local currency (L.E) has been devaluated by 42%. To this respect, the Egyptian bed linen exports to the EU during 2002-2003, have increased by 20% compared to the export values of the previous period (2001-2002). .
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Although in the near future and with quota-free access to the European Union, the Egyptian exports will increase dramatically taking benefit from the recently imposed anti-dumping duties on Pakistan. .
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The Egyptian manufacturers have the privilege of having the Egyptian cotton fiber available which is considered a vital element to compete with other countries, specially the perception of EU consumers towards bed linen that is made from Egyptian cotton. It is also expected that foreign investments in weaving high density fabrics which is used for bed linen is expected to be injected in Egypt, specially after the high return on investments generated by recent private investments. .
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Recently, the European Union has imposed anti-dumping duties of 13.1% on bed linen imports from Pakistan for a five-year period, effective from next March. .
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With quotas being removed from next year, Pakistani exporters will meet more difficulties in expanding their share on EU market and they will face direct competition from other suppliers in the post-quota era. Pakistan has always been the main supplier of bed linen to the EU market.
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Date:2/26/2004
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