5% Increase in the Egyptian ready-made exports to the U.S markets
Egytex News Desk
Source: Al Masry Al youm
The report pointed out an increase in the Egyptian exports of ready-made garments & textile by 5% during the same period last year reaching to 383 million USD compared to 366 million USD.
Furthermore, Both of Vietnam & Bangladesh exports have increased by 2.9 & 9.9% respectively, while China, India, Mexico and Jordon have decreased.
Magdy Tolba, Former chief for ready-made export council attributed the limited increase to the new foreign investments which entered the sector during the pervious period, specially the Turkish Investments.
" The exports are expected to increase to the end of this year to 800 million USD compared to 914 million USD last year, specially in the slowdown of growth rates achieved during the 1st half of this year." Mady Tolba said.
Source: Al Masry Al youm
From the Egytex news archive, first published on 31 July 2009. Figures and names are as reported at the time.
