CAIRO:
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.