Egyptian Minister of Trade and Industry Tarek Kabil during the meeting with the board of directors of the Egyptian Chamber of Textile Industries (ECTI) in the Federation of Egyptian Industries (FEI) said the the ministry is currently preparing a national strategy for the textiles, spinning, and ready-made clothing industry. As textile exports has achieved a significant increase of about 12%, while imports declined by 59% this year compared to the same period last year.
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.
The ministry is also preparing a study to establish a â€œnew textile cityâ€ during the coming period and the government is keen to upgrade this strategic industry to meet the needs of the local market and to promote Egyptian ready-made clothes to global markets.
He stressed that the chamber should adopt effective initiatives to increase investment and export rates within the textile sector during the coming period.
Moreover, Kabil added that the ministry is exerting efforts to curb smuggling operations, which negatively impact the textile industry in Egypt. He pointed to the governmentâ€™s keenness to take all measures to eliminate these illegal practices.
In the current year, Egypt has witnessed new expansions in the cotton cultivation fields, increased to 215,000 feddans from 120,000 last year.
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