The initiative aims at strengthening Egypt’s industrial ecosystem and localise key auxiliary manufacturing to boost export capacity and competitiveness.
Egypt’s consul general in Istanbul Ali Basha and deputy consul for commercial affairs Hoda Dorra recently met chairperson and board members of the Turkish Association of Clothing Accessories Manufacturers as well as representatives of several member companies.
The Egyptian Commercial Service has intensified its investment promotion activities targeting Turkiye’s textile and RMG sectors and supporting industries.
An Egyptian delegation’s recent meeting with the Turkish Association of Clothing Accessories Manufacturers concluded with a pact to organise an official visit to Egypt by an association delegation during the final quarter of this year.
The Egyptian delegation reviewed the range of incentives, including tax exemptions, streamlined licensing procedures and preferential access to industrial zones and export markets, available in Turkiye to foreign investors.
The meeting concluded with an agreement to organise an official visit to Egypt by a delegation from the Turkish association and its member companies during the final quarter of this year, Egypt State Information Service reported on Facebook.
The visit will allow participants to explore on-ground investment opportunities and assess the feasibility of establishing new clothing accessories and supplies factories in Egypt, serving both the domestic market and export destinations in Africa, the Middle East, and Europe.
Fibre2Fashion News Desk (DS)
