Eng. Rashid: A Plan to Increase the Exports of Yarns,Textile and Clothing
Eng. Rashid Mohamed Rashid (Minister of Trade and Industry) stressed out that there is a need to develop a clear vision for the agriculture and trade policies of Cotton in Egypt that suits with the objectives of the plan that aims to increase the Egyptian Exports to 200 billion pounds in 2013. This was during his…
Egytex News Desk
Source: Al Ahram Newspaper
"Although the high growth in the Textile and Clothing sector, but also there are some challenges that face this industry in the global markets and this is beacuse of the intensity of competition and mainly depending on cheap labor" Eng. Rashid said.
He said that there is no retract from the protection of domestic industry from unfair competition. Moreover he reviewed with the heads of the export councils the plan to achieve the target to increase the exports where Dr. Alaa Arafa (Chairman of the export council of Ready-Made Garments,RMGEC) has pointed out that the exports of this sector (RMG) reached 7,4 billion pounds in 2009, and it's intended to reach 15,9 billion pounds during 2013 with growth rate up to 115%,adding that it's expected to reach the investments of this sector to 10 billions and 97 million pounds in 2013.
Source: Al Ahram Newspaper
From the Egytex news archive, first published on 16 May 2010. Figures and names are as reported at the time.
