Minister of Trade and Industry Tarek Kabil announced that textile exports achieved a significant increase of about 12%, while imports declined by 59% this year compared to the same period last year. This came during the meeting with the board of directors of the Egyptian Chamber of Textile Industries (ECTI) in the Federation of Egyptian Industries (FEI). In the same context, he said that this strategy aimed at promoting the textile industries sector in Egypt in all stages of production from cotton cultivation until accessing the final product. Moreover, Kabil added that the ministry is exerting efforts to curb smuggling operations, which negatively impact the textile industry in Egypt. He stressed that the chamber should adopt effective initiatives to increase investment and export rates within the textile sector during the coming period.

Source: Daily News Egypt September 30, 2017 14:37 UTC