Eng. Mohamed El-Bahi, head of the Tax and Customs Committee at the Federation of Egyptian Industries, said that there are many challenges posed by the Corona pandemic on the world in general and on the Egyptian government in particular.
He stressed that we have to admit that this pandemic is not only for Egyptians, but has negatively affected the whole world.
He pointed out the pandemic is a universal threat that we cannot interfere or control.
Al-Bahi added, during his participation today, Saturday, in the activities of the first session of the first conference of the Chamber of Ready-made Garments and Furniture Industry of the Federation of Egyptian Industries, headed by Dr. Mohamed Abdel Salam, “We faced a decrease in raw materials and production requirements that were being imported and stopped as a result of the closure imposed by the pandemic on the world.”
He added that the Egypt has tended to replace a large part of the local raw materials with the imported ones so as not to face the specter of closure or stopping production during the Coronavirus pandemic.
He added that the process of replacing local raw materials was necessary and indispensable in light of the high cost of shipping from China and eastern countries of Asia, which we rely heavily on to import raw materials for the local manufacturing process.
El-Bahi affirmed that the state’s support for the industrial sector during the Corona pandemic for manufacturers provided a great opportunity for Egypt to become at the top of the world in export.
‘We achieved a record number for the first time in the history of Egyptian exports, which amounted to $32 billion during 2021, which confirms that Egypt has become a logistics center linking East and West, and the gateway for global products to African markets.”