“Exports of the Textile Export Council
increased three percent in the period between January to October 2017 to
stand at $673 million, compared with $651 million a year earlier, the
council said on Wednesday. ..Turkey came first among the countries
importing textile from Egypt, acquiring $230.27 million of exports,
followed by Italy ($132.98 million), Saudi Arabia ($26.79 million) and
Tunisia ($21.85 million), the council’s chairman Hassan Eshra said. ..Egypt’s textile exports to Germany and Portugal, meanwhile, reached $16.89 million and $13.19 million respectively. ..On
the recent “Destination Africa” exhibition for readymade clothes that
was recently held in Cairo, Eshra said that the exhibition was a
“success”, where Egyptian companies held bilateral meetings with
international buyers, boosting Egypt’s exports. ..He added that
his council will start a series of meetings with the event’s organizers
soon to prepare for the exhibition’s upcoming edition, saying that the
council aims to increase the number of exhibitors from Egypt and Africa
by 50 percent. ..It also aims to invite a big number of buyers
from across the world. In light of the Trade Ministry’s plan to support
textile industries, Eshra said that a delegation of foreign companies,
which are interested in investing in Egypt, has visited the textile
industries city in Minya governorate, vowing to inject investments in
Minya in 2019….Source: EgyptToday.com”
Date:11/19/2017
Source:nytimes.com