“The government of Egypt has invited three
Brazilian enterprises from textile industry. Textiles maker Fiama, yarn
maker Círculo and elastic band manufacturer Damenny to see Egyptian-made
raw materials, action backed on the Brazilian side by the Arab
Brazilian Chamber of Commerce and the Consulate of Egypt in São Paulo…The
event will take place during Destination Africa, a textile industry
show slated for November 11 and 12 at the Nile Ritz Carlton Hotel in
Cairo, the capital of Egypt. The expo will feature 100 companies from 15
African countries and over 300 international buyers, according to its
website…Egypt’s commercial consul to São Paulo Mohamed Elkhatib
said that Egypt has invited lots of buyers from several countries,
including Brazil, since their main focus is on big countries that import
large amounts of textiles and clothing items. Brazil is a key partner
for Egypt, and they will work on having more Brazilian companies in
upcoming editions of Destination Africa…Personnel from the
Brazilian companies will travel alongside the Arab Chamber’s
International Business executive Fernanda Baltazar. At the expo, they
will be able to see product by all exhibitors. They’ll also sit down for
business discussions with Egyptian executives in prescheduled meetings,
as well as make technical visits and engage in cultural activities…Exhibitors
in Destination Africa will include major Egyptian textile industry
players such as Elkotb Textiles, which specializes in products including
warp knitting items, sports clothing fabric, lingerie and Velcro; and
Spinalex, one of the national industry leaders, which makes Egyptian and
American yarn for export…In addition to products and services,
Destination Africa will feature a conference on November 12. The Arab
Chamber’s Fernanda Baltazar will assist the Brazilian executives in
their activities in Egypt…According to the Foreign Trade
Secretariat Secex) of the Brazilian Ministry of Industry, Foreign Trade
and Services, Egypt is a major cotton-producing country, and the
quality of its cotton and cotton products is world-renowned. Through
September this year, 1,300 tons of Egyptian cotton and yarn were
imported to Brazil, with sales amounting to USD 6 million,..In
September, a Mercosur-Egypt free-trade agreement entered into force that
covers cotton and textiles. In the wake of this event, especially as
the Egypt-Mercosur free trade treaty becomes effective, it is believed
to be a good chance for increase in imports of cotton, fabric, textiles,
clothing and bedding items to Brazil from Egypt”