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Egypt: Although the financial crisis, 6% growth in Ready- made garments Exports

Exports of ready-made garments has recorded a growth rate of 6 % last year despite the repercussions of the financial crisis Which overshadowed on all countries exports where it reduced by 20 % .

Mr. Khaled Rafaat vice-president of the export council for ready -made garments considered what happened as a positive significant step, where part of it returns back to the support of the state.

Mr. Khaled calls for the urgent need for the continuous of the support to the exports in the presence of the government's strategy to increase the total exports from 90 billion to 200 billion during the next five years, in addition to the continuing effect of the global crisis and the plan of the export council for ready-made garments to double the exports to reach 7 billion pounds.

Source: Al Ahram Newspaper

From the Egytex news archive, first published on 8 February 2010. Figures and names are as reported at the time.

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