Egypt Seeks to Export Textiles Worth $12 Bn Annually

The Chairman of the Egyptian Export Council for Textiles and Ready Made Garments said that the country aims to increase exports from $ 3 billion annually to $ 12 billion by 2025.

This came on the sidelines of their participation in the Destination Africa exhibition which started this month.

In a statement today to the Ministry of Commerce and Industry, Tolba added that the Egyptian textile and clothing sector is always working to introduce modern technologies to the industry to keep pace with the latest international developments in this field.

The Egyptian market has recently witnessed a huge influx of investments in the field of textile, garments, from China, India and Turkey, which reflects the global interest in the Egyptian market.

Also, the Canadian market represents one of the most important markets for the future of Egyptian textile products, he said.

The Minister of Trade and Industry, Amr Nassar, and Ambassador Nabila Makram, Minister of Immigration and Egyptian Affairs Abroad, held an extensive meeting with the officials of five Canadian companies working in the field of ready-made clothes.

The exhibition is an important platform for integrating African production  and enhancing the competitiveness of textile and clothing products in the continent.

Several major international attended the event, reflecting the global interest in Egyptian products, and representing a great opportunity to maximize the benefit of Egypt's vast potential in the textile industry.

Nassar pointed out the importance of bilateral meetings that will be held during the exhibition to hold export deals between Egyptian exporters and foreign retailers.

He said that "Destination Africa" contributes to the integration of African production chains and enhance their competitiveness in regional and global markets.

He concluded that the exhibition represents a great opportunity to achieve trade integration between African countries, especially in textiles, garments and home furnishings in the  continent's markets.