“The Cotton Egypt Association (CEA), which until now has had sole responsibility for licensing and promoting the luxury cotton brand, has been incorporated into the new structure.”Khaled Schuman, executive director of CEA and head of the newly formed Egyptian Cotton Logo Unit, said: “I am proud to be a member of the new steering committee, which will build on the work already carried out by the CEA to promote Egyptian Cotton globally, protect the supply chain and ensure the welfare of the workers.”The full make-up of the new steering committee will include: two members from The Ministry of Trade & Industry; two members from the Alexandria Cotton Exporters Association (ALCOTEXA); two members from Cotton Egypt Association (CEA); one member from the Holding Company for Cotton, Spinning, Weaving & RMG; one from the Ministry of Agriculture and one from the High Council of Textiles.”Mr Schuman added: “The creation of this strong steering committee reflects The Egyptian Government’s strong will to make a real reform in the Egyptian Cotton’s supply chain.”.The brand has been rebuilding since 2011 when output fell drastically – following political upheaval.”“Despite the setbacks, Egyptian Cotton is still widely recognised by the consumer as a luxury brand and a recent US consumer survey found Egyptian Cotton was the name most people associated with quality and were prepared to pay a premium for, ahead of Pima cotton, Turkish cotton and Supima,” the committee said in a statement.”Initiatives to improve confidence in the Egyptian Cotton logo include the introduction of a partnership with Bureau Veritas and a new rigorous accreditation process, which uses DNA testing to distinguish between genuine Egyptian Cotton and regular cotton.”Exports of Egyptian Cotton grew by 181.6% from December 2017 to February 2018, and in August an investment of LE24 billion ($1.billion) for modernizing Egypt’s textile sector was announced
Date:1/22/2019
Source: