The initiative goals at strengthening Egypt’s industrial ecosystem and localise key auxiliary manufacturing to increase export capability and competitiveness.
Egypt’s consul common in Istanbul Ali Basha and deputy consul for business affairs Hoda Dorra lately met chairperson and board members of the Turkish Association of Clothing Accessories Manufacturers in addition to representatives of a number of member firms.
The Egyptian Commercial Service has intensified its funding promotion actions concentrating on Turkiye’s textile and RMG sectors and supporting industries.
An Egyptian delegation’s latest assembly with the Turkish Association of Clothing Accessories Manufacturers concluded with a pact to organise an official go to to Egypt by an affiliation delegation throughout the ultimate quarter of this yr.
The Egyptian delegation reviewed the vary of incentives, together with tax exemptions, streamlined licensing procedures and preferential entry to industrial zones and export markets, out there in Turkiye to overseas buyers.
The assembly concluded with an settlement to organise an official go to to Egypt by a delegation from the Turkish affiliation and its member firms throughout the ultimate quarter of this yr, Egypt State Information Service reported on Facebook.
The go to will permit members to discover on-ground funding alternatives and assess the feasibility of creating new clothes equipment and provides factories in Egypt, serving each the home market and export locations in Africa, the Middle East, and Europe.
Fibre2Fashion News Desk (DS)