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Tuesday, 04 August 2020

Egypt's trade minister opens fourth Destination Africa exhibition

Sama Osama , Saturday 9 Nov 2019
Destination Africa
Minister of Trade and Industry Amr Nassar in Destination Africa Exhibition 2019 (Photo: Egyptian Cabinet)
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Minister of Trade and Industry Amr Nassar opened on Saturday the fourth edition of Destination Africa exhibition, held from 9 to 11 November.

The exhibition is organised by the Textiles, Apparel, and Home Textiles Export Council in cooperation with the Egyptian Exporters Association (Expolink).

Around 150 exporters and 230 buyers from the United States and European Union are participating in the exhibition.

The exhibition will include field visits to textile and apparel factories as well as promoting Egyptian cotton and modern techniques in the textile industry.

Nassar, who opened the exhibition on behalf of Prime Minister Mostafa Madbouly, said at the opening ceremony that the participation of major international buyers working in the textiles field in the exhibition was an opportunity for Egypt to maximise its benefits from its huge potential in textile industries.

He added that important bilateral meetings will be held during the exhibition to close export deals between Egyptian exporters and foreign buyers.

Nassar stated that the exhibition was also an opportunity to achieve trade integration between African countries, since textiles, apparel, and home textiles products had a good chance of competition in African markets.

Textile exports increased by 10 percent in the first nine months of 2019, to reach $2.571 billion, up from $2.3 billion during the same period in 2018, the minister said.

The apparel sector exports increased by seven percent, reaching $1.268 billion during the first nine months of 2019, up from $1.18 billion during the same period last year.

Nassar asserted that the government was interested in raising the quality of the strategic textile industries sector to international standards to meet the needs of the local market and to export Egyptian garments to international markets.

He added that the ministry’s upgrading plan encompassed all the stages of production, starting from cotton cultivation to the final production of garments.

 
 
 
 
 
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