Egypt textile exports hit $212m in Q1

Egypt textile exports hit $212m in Q1
The council aims at raising textile exports by 5% in 2018 to $875 million from $833 million last year

Cairo – Mubasher: Egyptian textile exports rose by 4.4% year-on-year during the first quarter of fiscal year 2017/2018, executive director of the Textile Export Council of Egypt Rasha Fahim said on Monday.

Fahim remarked that textile exports amounted to $212 million in Q1-17/18, compared to $203 million in the prior-year period, state-run news agency MENA reported.

The council aims at raising textile exports by 5% in 2018 to $875 million from $833 million last year, she noted.

An Egyptian delegation will be visiting Tunisia in the fourth quarter of this year in a bid to promote Egyptian textiles, the executive director highlighted, adding that the council seeks to achieve an industrial integration in the framework of Agadir Agreement.

Textile Export Council is currently preparing for the Egyptian section at Première Vision Paris 2018, to be held in France next September, in collaboration with the Ready Made Garments Export Council, Fahim indicated.

Trade minister Tarek Kabil had previously said that about 25 Chinese companies were planning to set up $2.2 billion (EGP 38.7 billion) textile projects in Sadat city.